- A. The "early childhood education and care program fund" is created in the state treasury. The fund consists of distributions, appropriations, gifts, grants, donations and income from investment of the fund. The early childhood education and care department shall administer the fund. Money in the fund is subject to appropriation by the legislature for early childhood education and care services and programs. Expenditures from the fund shall be by warrant of the secretary of finance and administration pursuant to vouchers signed by the secretary of early childhood education and care or the secretary's authorized representative. Any unexpended or unencumbered balance in the fund at the end of a fiscal year shall revert to the early childhood education and care fund.
- B. By November 1 of each year beginning in 2025, the state auditor shall report to the legislative finance committee on each expenditure of money in the fund, including the date, recipient and purposes for which the money was expended.
History: Laws 2020, ch. 3, § 2; 2024, ch. 4, § 2 2025, ch. 26, § 3.
ANNOTATIONS
The 2025 amendment, effective June 20, 2025, required the state auditor to report to the legislative finance committee on expenditures of money from the early childhood education and care program fund; added new subsection designation "A"; and added Subsection B.
The 2024 amendment, effective July 1, 2024, provided that any unexpended or unencumbered balance in the early childhood education and care program fund at the end of a fiscal year shall revert to the early childhood education and care fund; after "created", deleted "as a nonreverting fund", and after "authorized representative", added "Any unexpended or unencumbered balance in the fund at the end of a fiscal year shall revert to the early childhood education and care fund.".