Navajo Revitalization Fund.

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  • (1)
    • (a) There is created an expendable special revenue fund called the "Navajo Revitalization Fund."
    • (b) The revitalization fund shall consist of:
      • (i) money deposited to the revitalization fund under this part;
      • (ii) money deposited to the revitalization fund under Section 59-5-119; and
      • (iii) any loan repayment or interest on a loan issued under this part.
  • (2)
    • (a) The revitalization fund shall earn interest.
    • (b) The interest earned on revitalization fund money shall be deposited into the fund.
  • (3) Beginning for fiscal year 2010-11, the division may use revitalization fund money for the administration of the revitalization fund, but this amount may not exceed 4% of the annual receipts to the revitalization fund.




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