Delaware § 1386 Deposit of receipts

Delaware Statutes

§ 1386 — Deposit of receipts

Delaware·Title 4·Ch. 13 The Delaware Marijuana Control Act·Subch. Marijuana Regulation Fund; Taxes

(a)All money received by the Division of Revenue under this chapter shall be allocated as follows:

(1)All marijuana tax money and all money received through fees or other mechanisms must be deposited in accordance with § 6103(a) of Title 29 and credited to the Marijuana Regulation Fund.

(2)Each month, 7% of total marijuana tax money received from the preceding month shall be withdrawn from the Marijuana Regulation Fund and credited to the Justice Reinvestment Fund.

(b)The State Treasurer shall invest the Funds consistent with the investment policies established by the Cash Management Policy Board. The State Treasurer shall credit interest to the Funds on a monthly basis consistent with the rate established by the Cash Management Policy Board.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) All money received by the Division of Revenue under this chapter shall be allocated as follows:

(1) All marijuana tax money and all money received through fees or other mechanisms must be deposited in accordance with § 6103(a) of Title 29 and credited to the Marijuana Regulation Fund.

(2) Each month, 7% of total marijuana tax money received from the preceding month shall be withdrawn from the Marijuana Regulation Fund and credited to the Justice Reinvestment Fund.

(b) The State Treasurer shall invest the Funds consistent with the investment policies established by the Cash Management Policy Board. The State Treasurer shall credit interest to the Funds on a monthly basis consistent with the rate established by the Cash Management Policy Board.

Delaware § 1386 (Deposit of receipts) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.