There is a Protective Body Armor Fund. The purposes of the Fund are: to assist local law enforcement agencies to: acquire protective body armor for each police officer of the local law enforcement agency; and replace protective body armor at least every 10 years, or sooner if testing indicates a need for replacement; and upon the fulfillment of the purposes specified in paragraph (1) of this subsection, to assist the Division of Parole and Probation of the Department of Public Safety and Correctional Services to acquire protective body armor for its agents with the remainder of the funds. The Executive Director shall administer the Fund. The Fund consists of money appropriated in the State budget to the Fund. As authorized by the Executive Director, the Treasurer shall make payments out of the Fund to local law enforcement agencies and the Division of Parole and Probation. A local law enforcement agency and the Division of Parole and Probation may use State money provided under this subtitle only to purchase or replace protective body armor.