There is hereby created in the State Treasury a Payroll Fund which shall be used by the Director of State Finance and State Treasurer to issue a consolidated payroll for each state department, board, commission, institution or agency of the state. Payrolls of state agencies shall be charged against the Payroll Fund created herein. Each state agency shall prepare summary distributions of the amounts of payrolls to be charged against each fund within the State Treasury and the Director of State Finance shall transfer monies from each fund in the State Treasury to the Payroll Fund amounts as shown on payroll distribution summaries, and shall charge such amounts to the appropriation allotment account affected thereby.

Amended by Laws 1984, SB 527, c. 166, § 4, emerg. eff. July 1, 1984.