(1) On the first business day of each July, or as necessary, the administrator of the division of veterans services, as directed by the Idaho veterans recognition committee, shall request the state controller to make a transfer or transfers to the Idaho veterans recognition income fund.
(2)   As necessary, the administrator of the division of veterans services shall be authorized to request the state controller to make a transfer or transfers from the Idaho veterans recognition fund to the Idaho veterans recognition income fund to provide for matching grant funds and to provide funding for new construction, replacement, remodel, and life safety projects for the Idaho state veterans homes, state veterans cemeteries, and other available federal grant opportunities to enhance veterans services in the state of Idaho.