Article III, § 49-e-1 — CENTENNIAL PARKS CONSERVATION FUND

(a) The centennial parks conservation fund is established as a trust fund outside the treasury. In accordance with general law, the fund may be used only for the creation and improvement of state parks. (b) The centennial parks conservation fund consists of: (1) money appropriated, credited, or transferred to the fund by the legislature; (2) gifts, grants, and donations received by the Parks and Wildlife Department or the department’s successor in function for a purpose for which money in the fund may be used under this section; and (3) investment earnings and interest earned on amounts credited to the fund. (c) The legislature may appropriate money from the centennial parks conservation fund to the Parks and Wildlife Department or the department’s successor in function for the purposes prescribed for the fund by this section and general law. (d) For purposes of Section 22, Article VIII, of this constitution: (1) money in the centennial parks conservation fund is dedicated by this constitution; and (2) an appropriation of state tax revenues for the purpose of depositing money to the credit of the fund is treated as if it were an appropriation of revenues dedicated by this constitution. (e) The reasonable expenses of managing the fund and its assets shall be paid from the fund.