(b) The UNCF Scholarship Fund is created as a special fund in the State treasury. The net revenue from the special instant scratch-off game sold for the benefit of the United Negro College Fund Illinois in support of education scholarships to university and college students shall be deposited into the fund for appropriation by the General Assembly solely to the Student Assistance Commission for the purpose of funding UNCF Illinois Scholarship awards to university and college students. Funding shall be used solely for scholarship awards and not to cover any administrative costs of the United Negro College Fund, Inc., a 501(c)(3) nonprofit recipient organization. Moneys received for the purposes of this Section, including, without limitation, net revenue from the special instant scratch-off game and from gifts, grants, and awards from any public or private entity, must be deposited into the fund. Any interest earned on moneys in the fund must be deposited into the fund. For the purposes of this subsection, "net revenue" means the total amount for which tickets have been sold less the sum of the amount paid out in the prizes and to retailers and direct and estimated administrative expenses of the Department solely related to the scratch-off game under this Section.