[§28-13] Antitrust trust fund.

191 words·~1 min read·/hi/chapter-28/28-13

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

(a)There is established in the state treasury the antitrust trust fund, into which shall be deposited:

(1)Ten per cent of any antitrust judgment or settlement received by the State except where the deposit is inconsistent with the court order or settlement agreement relating to the amount; and

(2)Appropriations made by the legislature.

(b)The antitrust trust fund shall be administered by the department of the attorney general and shall be used for expenditures relating to the enforcement of antitrust laws, including but not limited to expenditures for training, equipment purchases, educational resources, and facilitating participation in antitrust lawsuits and investigations initiated by other states.

(c)All unencumbered and unexpended moneys in excess of $250,000 remaining on balance in the antitrust trust fund at the close of June 30 of each year shall lapse to the credit of the general fund.

(d)The department of the attorney general shall submit a report to the legislature no later than twenty days prior to the convening of each regular session to provide an accounting of the receipts and expenditures of the fund. [L 2001, c 97, §2]