1. (1) Except as described in subsection (2) of this section, all receipts from penalties or fines collected under sections 25-15-309 and 25-15-310 shall be credited to the general fund of the state.

2. (2)

   1. (a) On and after July 1, 2025, all receipts from penalties or fines collected under sections 25-15-309 and 25-15-310 shall be credited to the rural housing and development asbestos and lead paint abatement fund created in section 25-16-312; except that, for the 2025-26 state fiscal year and the 2026-27 state fiscal year, the credits described in this subsection (2) continue only until such time as the total amount of penalties and fines collected pursuant to sections 25-7-511, 25-15-309, and 25-15-310 and credited to the rural housing and development asbestos and lead paint abatement fund equals two hundred thousand dollars.
   2. (b) This subsection (2) is repealed, effective June 30, 2027.

Source: L. 81: Entire article R&RE, p. 1358, § 1, effective July 1. L. 2024: Entire section amended, (HB 24-1457), ch. 356, p. 2433, § 3, effective August 7.

Editor's note: Although the act repealing and reenacting this article was effective July 1, 1981, this section was not effective until November 2, 1984. (See § 25-15-102 (3).)