All monies received by the Commissioner under the Electrical License Act, including the administrative fines authorized by Section 1695 of this title, shall be deposited with the State Treasurer and credited to the "Electrical Revolving Fund". The revolving fund shall be a continuing fund not subject to fiscal year limitations and shall be under the control and management of the Commissioner. Expenditures from this fund shall be made pursuant to the purposes of the Electrical License Act and shall include, but not be limited to, payment of operating costs and the costs of programs designed to promote public awareness of the electrical industry, and expenditures for the preparation and printing of regulations, bulletins or other documents and the furnishing of copies of such documents to those persons engaged in the electrical industry or the public. Warrants for expenditures shall be drawn by the State Auditor and Inspector based on claims signed by the Commissioner and approved for payment by the Director of State Finance. The revolving fund shall be audited at least once each year by the State Auditor and Inspector.

Laws 1982, c. 337, § 15; Amended by Laws 1993, c. 236, § 5, eff. September 1, 1993; Amended by Laws 1994, c. 155, § 7, eff. July 1, 1994.