1. (1)

   1. (a) The general assembly finds and declares that any money received under this article 66 from the federal government or from gifts, grants, or donations is custodial funds and, therefore, is not subject to appropriation.
   2. (b) The wild horse fund is created in the state treasury. The fund consists of gifts, grants, and donations; payments from the federal government in connection with assisting in the management of wild horses; and any other money that the general assembly may appropriate or transfer to the fund.

2. (2)

   1. (a) State money in the fund is continuously appropriated to the department for use by the wild horse project to implement and administer this article 66.

   2. (b)

      1. (I) State money in the fund is continuously appropriated to the department to implement and administer section 35-1-119 and this article 66.
      2. (II) Repealed.
3. (3) The state treasurer shall credit all interest and income derived from the deposit and investment of money in the fund to the fund.
4. (4) The department may seek and accept gifts, grants, or donations from private or public sources for the purposes of section 35-1-119 and this article 66. The state treasurer shall credit the gift, grant, or donation to the fund.
5. (5) Repealed.

Source: L. 2023: Entire article added, (SB 23-275), ch. 226, p. 1172, § 2, effective May 20. L. 2025: (1)(b) and (4) amended and (2)(b)(II) repealed, (HB 25-1283), ch. 225, p. 1029, § 5, effective August 6.

Editor's note: Subsection (5)(b) provided for the repeal of subsection (5), effective July 1, 2025. (See L. 2023, p. 1172.)