§ 19-5-907 - Revolving Loan Fund.
19-5-907. Revolving Loan Fund.
(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the Revolving Loan Fund.
(b) This fund shall consist of the repayment of moneys loaned or invested through the Revolving Loan Program of the Department of Education.
(c) It shall be used for the purpose of making loans to school districts and for investment purposes.