- (1) There is a long-range building program account in the capital projects fund type. [The account is subject to legislative fund transfer.]
- (2) Cigarette tax revenue is deposited in the account pursuant to 16-11-119.
- (3) Coal severance taxes allocated to the account under 15-35-108 may be appropriated for the long-range building program or debt service payments on building projects. Coal severance taxes required for general obligation bond debt service may be transferred to the debt service fund.
- (4) Interest earnings, project carryover funds, administrative fees, and miscellaneous revenue must be retained in the account. (Bracketed language in subsection (1) terminates June 30, 2019--sec. 28, Ch. 6, Sp. L. November 2017.)
History: En. Sec. 3, Ch. 456, L. 1995; amd. Sec. 13, Ch. 387, L. 2011; amd. Sec. 9, Ch. 6, Sp. L. November 2017.