There is hereby created in the State Treasury a revolving fund for the State Board of Career and Technology Education to be designated the "Adult Education Revolving Fund". The fund shall consist of fees paid to the Board for the oversight and management of the high school equivalency test as administered by the Board pursuant to law. The revolving fund shall be a continuing fund, not subject to fiscal year limitations, and shall be under the control and management of the administrative authority of the State Board of Career and Technology Education. Expenditures from the fund shall be made to maintain the high school equivalency testing process. Warrants for expenditure shall be drawn by the State Treasurer on claims by an authorized employee of the State Board of Career and Technology Education and approved by the Director of the Office of Management and Enterprise Services.
Added by Laws 2014, c. 164, § 6, eff. July 1, 2014. Amended by Laws 2015, c. 360, § 3, eff. July 1, 2015.