Section 8.275

Title II SOVEREIGNTY, JURISDICTION AND EMBLEMS

Chapter 8

Effective - 28 Aug 1985   

  8.275.  Third state building trust fund establishment and maintenance. — 1.  The "Third State Building Trust Fund" is hereby established in the state treasury.  The fund shall consist of all moneys transferred to it from the third state building fund as provided in this section.

  2.  On the day in each fiscal year prior to the date upon which any appropriation from the third state building fund for such year would otherwise lapse, the commissioner of administration shall transfer from the third state building fund to the third state building trust fund an amount equal to the aggregate of all such balances.  The commissioner shall maintain such accounts as may be necessary to preserve all balances so transferred for the benefit of those agencies or entities to which the appropriations were originally made, and nothing herein shall be construed so as to permit any amount so transferred to be appropriated to or otherwise spent for the benefit of any agency or entity other than that to which the appropriation was originally made.  Unexpended balances in the third state building trust fund at the end of any fiscal year shall not be transferred to the general revenue fund or any other fund, the provisions of section 33.080 to the contrary notwithstanding.

  3.  Amounts appropriated from the third state building trust fund shall not be considered in determining allocations of appropriations required to be made from the third state building fund for any fiscal year.

  4.  Any interest or other earnings earned with respect to amounts transferred to the third state building trust fund shall be credited as earned to the third state building fund.

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(L. 1983 S.B. 266 § 1, A.L. 1985 S.B. 304)