Contributions, grants, or gifts in cash or otherwise, including funds generated by the sale of "heirloom" birth certificates under chapter
70.58A RCW from persons, associations, or corporations and funds generated through the issuance of the "Keep Kids Safe" license plate under chapter
46.18 RCW, shall be deposited in a depository approved by the state treasurer to be known as the children's trust fund. Disbursements of such funds shall be on the authorization of the secretary of the department of children, youth, and families beginning July 1, 2012. In order to maintain an effective expenditure and revenue control, such funds shall be subject in all respects to chapter
43.88 RCW, but no appropriation shall be required to permit expenditure of such funds.