§37-52.4 - Criteria for the establishment and continuance of revolving funds.

     [§37-52.4]  Criteria for the establishment and continuance of revolving funds.  Revolving funds shall only be established pursuant to an act of the legislature.  The legislature, in establishing or reviewing a revolving fund to determine whether it should be continued, shall ensure that the revolving fund:

     (1)  Serves the purpose for which it was originally established;

     (2)  Reflects a clear nexus between the benefits sought and charges made upon the users or beneficiaries of the program, as opposed to serving primarily as a means to provide the program or users with an automatic means of support that is removed from the normal budget and appropriation process;

     (3)  Provides an appropriate means of financing for the program or activity; and

     (4)  Demonstrates the capacity to be financially self-sustaining. [L 2002, c 178, pt of §2]