The Director of State Finance is hereby authorized and directed to classify funds in the State Treasury and to prescribe the manner of issuance of checks or warrants against each class of funds to accomplish the purpose for which each such fund was created; and the State Treasurer shall be, and is, required to keep his fund accounts in accordance with such classification. The Director of State Finance shall group funds of a similar nature in a series of classes. Accounting entities otherwise designated as funds, by other provisions of law, may be: retained, deactivated, merged with other such entities or identified as accounts within funds as the Director of State Finance determines to be appropriate for purposes of the modernization and maintenance of the fund structure of the state.

Added by Laws 1984, SB 399, c. 289, § 5, emerg. eff. July 1, 1984.