There shall be established within the Natural and Cultural Resources Grants and Trust Fund a separate and segregated account for the purpose of ensuring the viability of the program through the creation of an inviolate corpus (principal account). Interest drawn from such corpus will be deposited into the Natural and Cultural Resources Council Grants Fund to continue the Council's purposes.

A percentage, determined by the Council, but no less than one percent (1%) of the receipts from the prior twelve month period (May - April), shall be annually deposited into such account.

Projects funded during a regular annual grant period. These grants are submitted through the regular annual grant cycle with projects and expenditures occurring between July 1 and June 30 of each year.

Projects for unanticipated opportunities deemed highly significant and critical for the State to fund, according to the SCORP (Statewide Comprehensive Outdoor Recreation Plan) guidelines and the Council's other review criteria. Funded through a limited amount established by the Council at the annual funding meeting and if the Council desires, through the receipt of returned funds incapable of being spent by original grantees. Emergency grants may be approved by the Council Officers up to the amount determined annually by the Council, with review by the full Council at the next regular meeting after an award is made. Awards may not be made to grants which can be submitted through the regular annual grant process.