(a) The capital improvement contingency fund is established for the purpose of:
- (1) receiving taxes, appropriations, and other revenues;
- (2) matching state or federal transportation grants made to permit the acquisition of capital assets;
- (3) acquiring capital improvements or assets; or
- (4) receiving, holding, and disbursing funds as a fiduciary.
- (b) Money in the fund at the end of a fiscal year does not revert to the state general fund.
As added by P.L.385-1987(ss), SEC.17.