Sec. 23.15.130. Vocational rehabilitation small business enterprise revolving fund.

151 words·~1 min read·/ak/title-23/chapter-15/23-15-130

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)There is created in the state treasury a revolving fund designated as the vocational rehabilitation small business enterprise revolving fund. The fund shall be administered by the director.

(b)Receipts from the net proceeds of vending facilities on public property, other than vending facilities operated by a licensee, shall be paid into the fund.

(c)The commissioner of administration shall separately account for receipts under

(b)of this section that are paid into the vocational rehabilitation small business enterprise revolving fund. The annual estimated receipts of the fund may be used by the legislature to make appropriations to the department to aid licensees in operating vending machine facilities.

(d)In this section “net proceeds” means the gross receipts from operating a vending facility less the costs of operation and a fair return to the operator, to be determined by the agency.