Source of assets for fund.

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The assets of the fund are derived from:

(1) the proceeds of any gifts, grants, and contributions to the State which are designated specifically for inclusion;

(2) the proceeds from the sale of all lifetime privileges;

(3) any amount in excess of the statutory fee for a particular lifetime license which qualifies as a tax-exempt donation to the State; and

(4) other sources specified by law.

HISTORY: 1989 Act No. 101, Section 1; 1993 Act No. 181, Section 1258; 2000 Act No. 370, Section 1; 2008 Act No. 268, Section 1, eff June 4, 2008.

Effect of Amendment

The 2008 amendment, in item (2), substituted "privileges" for "combination licenses"; deleted item (3) relating to proceeds from the sale of lifetime hunting and fishing licenses; and redesignated items (4) and (5) as items (3) and (4).


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