(a) A special fund of $5,000 shall be set aside within the budget of the Department of Education, which fund shall be known and referred to as the “Teacher of the Year Award.”
(b) Each annual recipient of the teacher of the year award pursuant to this chapter shall have set aside from the Teacher of the Year Award Fund, for that recipient's exclusive assignment and disbursement, an amount equal to $5,000. The award recipient shall not directly receive the funds so set aside, but may make such withdrawals as are necessary for that recipient's educational purposes and objectives as herein authorized.
(c) The Fund established by this section, and the guidelines established therefore in § 8905 of this title shall be distinct from, and in addition to, the money directly given to the individual teachers as specified in § 8903 of this title.