A. There shall be a federal reclamation trust fund of which the state treasurer shall be custodian. Payments made by the state land department for the assessments or charges authorized to be paid by the department under section 37-105, and payments received by him as reimbursements therefor, shall be drawn from and credited to the federal reclamation trust fund.

B. The fund shall not revert to the general fund, and shall not be subject to the provisions of Title 35, Chapter 1.