C.__Funds stipulated for deposit in the trust as part of the terms of settlement of legal actions against corporations, partnerships or individuals for violations of environmental laws, rules or regulations;

D.__Funds for research received under any federal oil spill trust fund;

E.__Revenues that may be from time to time realized through public bond issues;

F.__Federal grants and loans; and

G.__Appropriations and transfers authorized by the Legislature.

4.__Use and administration of trust.__Trust funds must be used to provide grants to meet the purposes of this section.__The department shall administer the trust as follows.

A.__Unless otherwise specified by the source of a contribution to the trust, 50% of a contribution to the trust must be deposited in a principal account and maintained as a permanent endowment.__The income earned on funds held in this account, combined with the remaining 50% of funds contributed to the trust, must be deposited in an operating account and made available for disbursement as grants to accomplish the purposes of this section and as expenditures for purposes of administering the trust.

B.__An executive agency is not eligible to receive funding from the trust unless the agency jointly undertakes a research proposal with another entity that is not an executive agency.

C.__The department shall give preference to institutions, organizations and entities located and operated in the State.

D.__Principal, or interest earned from principal, with special instructions from contributors must be awarded in accordance with the contributors' instructions.

E.__All money in the trust not immediately required for payment, pursuant to the provisions of this section, must be invested by the Treasurer of State as authorized by Title 5,