1. (a) If the executive of a unit establishes a program under section 8 of this chapter, the fiscal officer of the unit shall establish a workforce retention and recruitment fund for the purposes of the program.

2. (b) The fund shall consist of the following:

   1. (1) Any private grants or contributions.
   2. (2) Appropriations to the fund included in the unit's budget.
   3. (3) Transfers of money to the fund under section 12 of this chapter.
   4. (4) Any repayments to the fund under section 8(b) of this chapter.
3. (c) The executive of the unit shall administer the fund in coordination with a workforce fund board of managers established under section 10 of this chapter, including any qualified nonprofit organization established by the workforce fund managers under that section.
4. (d) Any money remaining in a fund at the end of the calendar year does not revert to the unit's general fund.

As added by P.L.135-2022, SEC.22.