(1) for the purposes set forth in §§ 7-202 and 7-203 of this subtitle; and

(2) for scholarships for children of members of volunteer fire companies or volunteer rescue squads who are killed or disabled in the line of duty, as provided in § 18-602 of the Education Article.

(b) The Board:

(1) shall administer the money provided under subsection (a) of this section; and

(2) may not use it for administrative costs.