1. (1) There is a capital developments long-range building program account in the capital projects fund type to fund capital developments.
2. (2) Interest earnings, project carryover funds, administrative fees, and miscellaneous revenue must be retained in the account.
3. (3) The legislature may transfer unencumbered funds from the account only to supplement funding local infrastructure.
4. (4) The state treasurer may temporarily borrow from the fund to address cash balance deficiencies in the general fund. A loan made to the general fund does not bear interest and must be recorded in the state accounting records. The fund may not be so impaired by a loan that all legal obligations against the fund cannot be met.

History: En. Sec. 5, Ch. 469, L. 2019.