1. (1) All fees and assessments collected by the banking board shall be transmitted to the state treasurer, who shall credit the same to the division of banking cash fund, which fund is created in the state treasury. All money in the fund shall be subject to appropriation by the general assembly for the direct and indirect costs of the activities of the banking board and the division. All interest derived from the deposit and investment of money in the fund shall be credited to the fund. Any money not appropriated shall remain in the fund and shall not be transferred or revert to the general fund of the state at the end of any fiscal year.

2. (2)

   1. (a) Notwithstanding any other provision of this section to the contrary, on June 30, 2025, the state treasurer shall transfer two hundred thousand dollars from the division of banking cash fund to the general fund.
   2. (b) This subsection (2) is repealed, effective July 1, 2026.

Source: L. 2003: Entire article added with relocations, p. 1076, § 3, effective July 1. L. 2020: Entire section amended, (HB 20-1406), ch. 178, p. 811, § 6, effective June 29. L. 2021: Entire section amended, (SB 21-266), ch. 423, p. 2795, § 8, effective July 2. L. 2025: Entire section amended, (SB 25-264), ch. 129, p. 499, § 7, effective April 25.

Editor's note: This section is similar to former § 11-2-114.5 as it existed prior to 2003.