39-11-205. Primary sector business training account.
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39-11-205 . Primary sector business training account.
(1)There is an account in the state special revenue fund called the primary sector business training account.
(2)On July 1 of each year, the state treasurer shall transfer any funds appropriated to the department of commerce primary sector business training program from the general fund to the primary sector business training account.
(3)Subject to legislative fund transfer, the money deposited or retained in the account must be used for:
(a)the primary sector business training program;
(b)program costs; and
(c)expenses incurred in administering the primary sector business training program.
(4)Money deposited in the account must be retained and may not revert to the general fund.
(5)All interest earned on money in the account must be retained and used for the purposes outlined in subsection (3).