§ 15-1282 — Career training and workforce fund; exemption; distribution

(Caution: 1998 Prop. 105 applies)

A. The career training and workforce fund is established consisting of monies deposited pursuant to section 15-1281, private donations and interest earned on those monies. Monies in the fund are continuously appropriated. Monies in the fund and its accounts may not be transferred to any other fund except as provided in this section, do not revert to the state general fund, and are exempt from the provisions of section 35-190 relating to lapsing of appropriations. The state treasurer shall administer the fund.

B. All monies in the career training and workforce fund must first be spent, and the state treasurer shall transfer monies from the fund, to pay:

1. The actual reasonable costs incurred by the state treasurer to administer the fund.

2. The actual reasonable costs incurred by the department of education to implement and administer section 15-1283.

3. Any other mandatory expenditure of state revenues required to implement this section and section 15-1283.

C. The state treasurer may prescribe forms necessary to transfer monies from the career training and workforce fund pursuant to subsection B of this section.

D. The state treasurer shall transfer monies in the career training and workforce fund in excess of the amounts paid pursuant to subsection B of this section at the direction of the department of education in accordance with section 15-1283.