1. (1) There is created in the state treasury the qualified apprenticeship intermediary grant fund. Money in the fund is continuously appropriated to the department to implement the grant program and pay for the department's direct and indirect costs in administering the grant program.
2. (2) On July 1, 2024, the state treasurer shall transfer two million dollars from the general fund to the fund.
3. (3) The department may seek, accept, and expend gifts, grants, and donations from private or public sources for the purposes of this part 4.
4. (3.5) On June 30, 2025, the state treasurer shall transfer five hundred thousand dollars from the qualified apprenticeship intermediary grant fund to the general fund.
5. (4) The state treasurer shall transfer all unexpended and unencumbered money remaining in the fund at the end of state fiscal year 2026-27 to the general fund.

Source: L. 2024: Entire part added, (HB 24-1439), ch. 163, p. 780, § 4, effective May 10. L. 2025: (3.5) added, (SB 25-264), ch. 129, p. 498, § 3, effective April 25.