§ 8-84-208 — Business enterprise program cash fund - creation

There is
hereby created in the state treasury the business enterprise program cash fund,
referred to in this section as the fund, which consists of moneys accruing to the
department from assessments against the net proceeds of each vending facility
operator consistent with this part 2, any income from vending machines on federal
or state property that accrues to the department, and any federal moneys that may
become available. Any moneys currently attributed to the business enterprise
program and any reserves shall be transferred to this fund for future use consistent
with this part 2. The moneys in the fund are subject to annual appropriation by the
general assembly for the direct and indirect costs associated with the
administration of this part 2. The state treasurer may invest any moneys in the fund
not expended for the purposes of this part 2 as provided in sections 24-36-109, 24-36-112, and 24-36-113. All interest and income derived from the investment and
deposit of moneys in the fund shall be credited to the fund. Any unexpended and
unencumbered moneys remaining in the fund at the end of any fiscal year shall
remain in the fund and shall not be credited or transferred to the general fund or
any other fund.

Legislative History

Source: L. 2015: Entire article added with relocations, (SB 15-239), ch. 160, p. 487, � 2, effective July 1, 2016. L. 2025: Entire section amended, (SB 25-300), ch. 428, p. 2439, � 5, effective August 6.