Disposition of proceeds - Leases for oil and gas purposes.

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After payment of all costs incurred in the inventory and appraisal and advertisement and costs of sale, the remaining proceeds therefrom, and any monies derived from leasing the property described in Section 324 of this title, shall be deposited in a special "Capitol Building Maintenance and Repair Fund". The fund shall be used for the maintenance and repair of all State Capitol Buildings, grounds, shrubbery, boulevards, and streets surrounding the same. The funds shall be paid upon claims made therefor by the Office of Management and Enterprise Services and approved by the Director of the Office of Management and Enterprise Services. The leasing for oil and gas purposes of any such lands and the proceeds therefrom shall be conducted and handled by the Office of Management and Enterprise Services pursuant to Section 317 of this title.

Added by Laws 1947, p. 590, § 3, emerg. eff. May 16, 1947. Amended by Laws 1983, c. 304, § 141, eff. July 1, 1983; Laws 2010, c. 413, § 27, eff. July 1, 2010; Laws 2012, c. 304, § 817. Renumbered from § 128.3 of Title 74 by Laws 2013, c. 209, § 38, eff. July 1, 2013. Amended by Laws 2014, c. 286, § 6, eff. Nov. 1, 2014.


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