§ 13-7-15 — § 13-7-15. Business operations and budget.

§ 13-7-15. Business operations and budget.

Correctional industries shall maintain an accurate and timely accounting of monies received from the sale of products or services of committed offenders. Monies accredited into the correctional industries fund shall be used for the purchase of materials, supervision, and other requirements necessary to support the production of goods and services. Entities that place orders with correctional industries are required to pay correctional industries fifty percent (50%) of their quoted material costs once the items have been ordered. All expenditures from the correctional industry fund shall be subject to the approval of the director of corrections or the director's designee, who may employ those funds to defray all operating expenses. All net profits for the fiscal year shall be reinvested into the correctional industries fund to support capital purchases, and the general expansion and development of correctional industries. All additional profits will revert to the general treasury.

Legislative History

P.L. 1982, ch. 117, § 1; P.L. 1983, ch. 167, art. XXIII, § 1; P.L. 1997, ch. 30, art. 10, § 1; P.L. 2024, ch. 117, art. 3, § 1, effective June 17, 2024.