The general assembly recognizes and reaffirms the importance of fostering appreciation among the citizens of this state for protecting and preserving for future generations the heritage of hunting and fishing in this state. Therefore, to aid in promoting access to, and participation in, licensed hunting and fishing in this state, there is created a fund known as the "lifetime sportsman endowment fund". The lifetime sportsman endowment fund must be administered and funded in accordance with this part.
T.C.A. § 70-1-501