90-1-135. Special revenue accounts. (1) There is an account in the state treasury for the receipt of state and private funds and an account in the state treasury for the receipt of federal funds for expenditure by the state-tribal economic development commission established in 90-1-131.
(2) Money in the accounts established in subsection (1) must be used to pay:
(a) the commission's administrative costs;
(b) the salary, benefits, and administrative expenses of the tribal business center coordinator and the federal grants coordinator; and
(c) the costs of conducting or commissioning and periodically updating or otherwise modifying a comprehensive assessment of economic development needs and priorities on each of the Indian reservations in the state.
(3) Money in the accounts that is not expended for the purposes identified in subsection (2) may be used for other purposes that the commission considers prudent or necessary.
(4) Interest and income earned on the money in the accounts must be deposited in the accounts for the commission's use.
History: En. Sec. 6, Ch. 512, L. 1999; amd. Sec. 2, Ch. 69, L. 2001; amd. Sec. 2, Ch. 453, L. 2007.