(1) There is hereby created in the state treasury the SARA Title III fund, also referred to in this part 15 as the "fund", which shall be administered by the director. The moneys in the fund are subject to annual appropriation by the general assembly for the purposes of this part 15, including the disbursement of grants pursuant to section 24-33.5-1507.
The director is hereby authorized to accept all moneys received from the federalgovernment and from public or private grants, gifts, bequests, donations, and other contributions for any purpose consistent with this part 15. The moneys shall be credited to the fund.
In accordance with section 24-36-114, all interest derived from the deposit and investment of this fund shall be credited to the general fund.
Source: L. 2012: Entire part RC&RE with relocations, (HB 12-1283), ch. 240, p. 1118, § 17, effective July 1. L. 2014: (1) and (2) amended, (HB 14-1004), ch. 11, p. 104, § 8, effective February 27.
Editor's note: This section is similar to former § 24-32-2606 as it existed prior to 2012.