The Department shall include the budget for Maryland Correctional Enterprises in the Department’s budget. Maryland Correctional Enterprises may establish a revolving fund to contain an amount that the Treasurer approves. Subject to the provisions of subparagraph (ii) of this paragraph, the revolving fund may be used for general operating expenses and the purchase of capital assets. The revolving fund may be used to provide financial assistance, up to $250,000 in a fiscal year, to the Division of Correction to establish and operate employment readiness training programs and transitional services to rehabilitate incarcerated individuals currently or previously employed by Maryland Correctional Enterprises. The revolving fund established under paragraph (1) of this subsection is not subject to § 7–302 of the State Finance and Procurement Article. Maryland Correctional Enterprises shall submit an annual statement to the Comptroller and the Treasurer that provides an accurate and detailed accounting of all receipts and disbursements from the revolving fund. General Fund money may be appropriated to Maryland Correctional Enterprises to be used for the direct expenses of training incarcerated individuals.