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Title IV EXECUTIVE BRANCH

Chapter 30

Effective - 05 Jun 1973, see footnote bottom

  30.900.  Revenue sharing trust fund created — appropriations from, period of, limitations on — fund audited, how. — 1.  There is hereby created in the treasury a fund to be known as "The Revenue Sharing Trust Fund".  All funds received by this state from the federal government under the provisions of the State and Local Fiscal Assistance Act of 1972 (Title I, Public Law 92-512) shall be deposited in this fund together with any interest or other earnings on the principal of this fund and no expenditure shall be made from this fund for any purpose prohibited by the State and Local Assistance Act of 1972 and no expenditure shall be made except by an appropriation made in the same manner as from general revenue.

  2.  Other provisions of law notwithstanding, appropriations shall not be made transferring funds from this fund to other funds nor shall funds from this fund lapse into other funds.  Appropriations from this fund may be made for periods of two years.

  3.  The state auditor shall audit and report on the expenditure of money from this fund in the same manner as other state funds.

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(L. 1973 S.B. 16 § 1)

Effective 6-05-73


---- end of effective   05 Jun 1973 ----

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