There is hereby created in the State Treasury a revolving fund to be designated as the "State Surplus Property Revolving Fund" which shall consist of all monies appropriated thereto by the Legislature and all monies received by the Surplus Property Agent from state departments, boards, commissions, institutions, and agencies and from counties, cities, and towns, and school districts as a reimbursement to the state of monies spent in acquiring surplus property for such agencies, and for services to such agencies. The Surplus Property Fund shall be expended by the Surplus Property Agent, under the supervision of the Director of the Department of Central Services, for any expense incurred in the handling, transportation, warehousing, and distribution of surplus property received by purchase or donation, including the purchase of trucks, including the salary of the Surplus Property Agent and other employees' salaries, together with other necessary expenses incurred in administration and operation. Expenditures shall be made from the fund on claims signed by the State Surplus Property Agent and approved for payment by the Director of State Finance.

Laws 1947, HB 41, p. 620, § 6, emerg. eff. May 8, 1947; Amended by Laws 1955, SB 299, p. 467, § 1, emerg. eff. June 2, 1955; Amended by Laws 1959, SB 65, p. 439, § 3, emerg. eff. July 8, 1959; Amended by Laws 1973, SB 115, c. 46, § 5, emerg. eff. July 1, 1973; Amended by Laws 1983, SB 305, c. 304, § 163, emerg. eff. July 1, 1983; Amended by Laws 2000, HB 1905, c. 218, § 9, eff. November 1, 2000 (superseded document available).