§ 24-75-404 — Repealed cash funds - unused cash funds

(1) Unless otherwise
provided by law, on June 30, 2025, and on each June 30 thereafter, the office of the
state controller shall transfer the balance of any repealed cash fund to the general
fund.

(2) On or before November 1, 2025, and each November 1 thereafter, the
office of the state controller shall submit a report to the joint budget committee of
the general assembly that:

(a) Identifies any cash fund that has been inactive, other than the crediting of
interest and income from the deposit of money in the cash fund, for the immediately
preceding two state fiscal years and the balance of those funds; and

(b) Identifies the total amount that the state controller transferred to the
general fund in the preceding state fiscal year pursuant to subsection (1) of this
section.

Legislative History

Source: L. 2025: Entire section added, (SB 25-311), ch. 383, p. 2126, � 1, effective June 3.