There is established a reserve account, to be known as the art in public places reserve account. The reserve account shall be credited with the funds set aside for works of art from construction projects and with all other funds for art in public places, whether earned, contributed, secured through grants or otherwise obtained. In fiscal years 2011 and 2012, up to and including 35 percent of the funds appropriated from the reserve account may be designated for administration, collection management, maintenance, and repair. In fiscal years 2013 and thereafter, up to and including 25 percent of the funds appropriated from the reserve account may be designated for administration, collection management, maintenance, and repair. For bond-financed capital improvement projects, 100 percent of the funds credited to the reserve account shall be expended for the acquisition of art. Separate accounts shall be established within the art in public places reserve account when necessary to comply with special requirements concerning but not limited to: