A. An acquisition and preservation fund is established consisting of monies received from fines and forfeitures of proceeds imposed pursuant to section 41-865, subsections G and H and from grants and private donations.

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B. The director of the Arizona state museum shall administer the fund. On notice from the director, the state treasurer shall invest and divest monies in the fund as provided by section 35-313, and monies earned from investment shall be credited to the fund.

C. The director shall expend monies in the fund to defray the costs of the acquisition of real property that contains human remains and funerary objects and the costs of the removal, reburial, repatriation and preservation of human remains and funerary objects.

D. Monies in the fund are exempt from the provisions of section 35-190, relating to lapsing of appropriations.