27-103-105 - Endowment funds, certain research funds and private gifts not exempt from budget procedures.
§ 27-103-105. Endowment funds, certain research funds and private gifts not exempt from budget procedures.
Endowment funds from whatever source received, research funds from other than state appropriations, and private gifts to designated agencies or for designated purposes, may not be considered as special funds for the purposes of this chapter and may not be exempt from its terms and provisions.
Sources: Laws, 1984, ch. 488, § 57; Laws, 1989, ch. 532, § 49, eff from and after July 1, 1989.