§57-509A. Prison Acquisition Revolving Fund.
143 words·~1 min read·
/ok/title-57-prisons-and-reformatories/57-509a·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There is hereby created in the State Treasury a revolving fund for the Department of Corrections to be designated the "Prison Acquisition Revolving Fund". The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all monies designated for deposit by law. All monies accruing to the credit of said fund are hereby appropriated and may be budgeted and expended by the Department for the purpose of, on behalf of the state, completing a purchase of a prison including associated property and equipment from a private prison contractor.
Expenditures from said fund shall be made upon warrants issued by the State Treasurer against claims filed as prescribed by law with the Director of the Office of Management and Enterprise Services for approval and payment. Added by Laws 2025, c. 467, § 1, emerg. eff. May 29, 2025.