There is hereby created in the state treasury the science and technology education fund, referred to in this section as the "fund", for payment of science and technology education center grants awarded pursuant to section 22-81-203. The fund shall consist of such moneys as may be appropriated thereto by the general assembly and such moneys as may be credited thereto pursuant to section 22-81-205 (2). Moneys in the fund shall be subject to annual appropriation by the general assembly for the purposes specified in this part 2. The department may expend up to two percent of the moneys annually appropriated to the fund to offset the costs incurred in implementing the grant program. All interest derived from the deposit and investment of moneys in the fund shall be credited to the fund. At the end of any fiscal year, all unexpended and unencumbered moneys in the fund shall remain therein and shall not be credited or transferred to the general fund or any other fund.
Source: L. 2001: Entire part added, p. 1081, § 2, effective June 5. L. 2003: Entire section amended, p. 521, § 12, effective March 5. L. 2011: Entire section amended, (SB 11-218), ch. 151, p. 526, § 5, effective May 5. L. 2015: Entire section amended, (SB 15-264), ch. 259, p.
956, § 55, effective August 5.