5-27-1. State capital construction fund established.
76 words·~1 min read·
/sd/title-5/chapter-5-27/5-27-1A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There is hereby established within the state treasury the state capital construction fund into which shall be deposited the net proceeds to the state from the sale of on-line lottery tickets pursuant to § 42-7A-24 , and such other revenues as the Legislature may designate. The fund shall be a participating fund and shall be credited for all interest earned on fund balances. Expenditures from the fund shall be made only upon approval by the Legislature.