A community may enter into a contract with a resident physician in training whereby the resident agrees to establish a practice in the community upon the completion of the individual's residency. The Health Care Workforce Training Commission shall have the authority to receive funds direct from that community for the purpose of paying the resident involved to the extent of the contractual arrangements. Monies received by the Commission under the provisions of this section shall be deposited to, and disbursed from, the “Community Residency Revolving Fund” hereby created in the State Treasury. The fund shall be a continuing fund not subject to legislative appropriation or fiscal year limitations. Expenditures from said fund shall be made on warrants issued by the State Treasurer against claims filed by the Commission with the Director of the Office of Management and Enterprise Services for approval and payment.