(1) The industry infrastructure fund, referred to in this section as the "fund", is hereby created in the state treasury. The fund consists of gifts, grants, and donations to the fund and any other money that the general assembly may appropriate or transfer to the fund.
The state treasurer shall credit all interest and income derived from the deposit andinvestment of money in the fund to the fund.
State money in the fund is continuously appropriated to the state council to administer the industry infrastructure grant program.
The state treasurer shall transfer all unexpended and unencumbered state money inthe fund on July 1, 2019, to the general fund.
On September 1, 2016, and on September 1 of the subsequent two years, the statetreasurer shall transfer three hundred thousand dollars from the general fund to the industry infrastructure fund created in this section.
Source: L. 2016: Entire part added, (HB 16-1288), ch. 185, p. 653, § 2, effective August 10.