National Guard Death Benefit Restricted Account.

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  • (1) There is created within the General Fund a restricted account known as "National Guard Death Benefit Account."
  • (2)
    • (a) The restricted account shall be funded from funds appropriated by the Legislature.
    • (b) Funds in the restricted account may only be used to pay the death benefit authorized in Section 39-1-59.
    • (c) The restricted account may accrue interest which shall be deposited into the restricted account.
    • (d) At the close of any fiscal year, any balance in the fund in excess of $2,000,000 shall be transferred to the General Fund.




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