Sec. 5. (a) The tourism information and promotion fund is established within the state treasury. The fund shall be used for the purposes of this chapter.
(b) The fund consists of appropriations from the general assembly and gifts, donations, bequests, devises, and contributions received by the corporation.
(c) The corporation shall administer the fund. The following may be paid from money in the fund:
(1) Grants.
(2) Expenses of administering the fund.
(3) Nonrecurring administrative expenses incurred to carry out the purposes of this chapter.
(4) Expenses incurred to promote heritage barns under section 11 of this chapter.
(d) The money in the fund at the end of a state fiscal year does not revert to the state general fund but remains in the fund.
(e) The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds may be invested. Interest that accrues from these investments shall be deposited in the state general fund.
As added by P.L.78-2019, SEC.5.