There is hereby established within the department of health, a restricted receipt account entitled “Hospital Conversion Monitoring”. This account shall be used for the sole purpose to fund monitoring activities associated with hospital conversions pursuant to § 23-17.14-28(d)(1), (2), (3), and (4). Funds held in non-state escrow, whether currently existing or prospective, through agreement between the department of health and the conversion acquiror may be deposited into the restricted receipt account and disbursed, as necessary, to conduct the monitoring activities associated with § 23-17.14-28(d)(1), (2), (3), and (4).