1. A. There is hereby created in the State Treasury a revolving fund for the State Department of Education to be designated the "School Security Revolving Fund". The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all monies received by the State Department of Education from:

   1. 1. Reimbursements, grants, or other monies received from other state agencies and entities for school security;
   2. 2. Reimbursements, grants, or other monies received from the United States government obligated to school security projects;
   3. 3. Gifts, donations, and bequests; and
   4. 4. Monies appropriated or apportioned by the Legislature.

2. B. All monies accruing to the credit of the School Security Revolving Fund are hereby appropriated and may be budgeted and expended by the State Department of Education for the purposes of:

   1. 1. Establishing and maintaining a School Resource Officer Program; and

   2. 2. Providing physical security enhancements for schools including, but not limited to, school resource officers, cameras, gates, lighting, locks, doors, windows, security geofencing, and ballistic storm shelters.

      Monies in the School Security Revolving Fund shall supplement and not supplant existing school security funding.

3. C. Expenditures from the School Security Revolving Fund shall be made upon warrants issued by the State Treasurer against claims filed as prescribed by law with the Director of the Office of Management and Enterprise Services for approval and payment. Expenditures from the School Security Revolving Fund shall not exceed Fifty Million Dollars ($50,000,000.00) in any fiscal year and shall be divided equally among every public school district in the state.

Laws 2023, HB 2903, c. 281, § 2, emerg. eff. July 1, 2023.