There is hereby created in the State Treasury a revolving fund for the Workers' Compensation Court of Existing Claims to be designated the “Workers' Compensation Court of Existing Claims Revolving Fund”. The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all monies received by the Workers' Compensation Court of Existing Claims from all fees, penalties and fines imposed by the Workers' Compensation Court of Existing Claims or its Administrator. All monies accruing to the credit of said fund are hereby appropriated and may be budgeted and expended by the Workers' Compensation Court of Existing Claims for the purpose of defraying necessary expenses of the Workers' Compensation Court of Existing Claims in performance of its duties. Expenditures from said fund shall be made upon warrants issued by the State Treasurer against claims filed as prescribed by law with the Director of the Office of Management and Enterprise Services for approval and payment.