State capital construction fund established.

Checkout our iOS App for a better way to browser and research.

5-27-1. State capital construction fund established.

There is hereby established within the state treasury the state capital construction fund into which shall be deposited the net proceeds to the state from the sale of on-line lottery tickets pursuant to §42-7A-24, and such other revenues as the Legislature may designate. The fund shall be a participating fund and shall be credited for all interest earned on fund balances. Expenditures from the fund shall be made only upon approval by the Legislature.

Source: SL 1993, ch 48, §1; SL 1996, ch 47, §1; SL 2018, ch 124, §6.


Download our app to see the most-to-date content.