37-115-49 - University of Mississippi Medical Center - ACT Center Fund created; purpose.
§ 37-115-49. University of Mississippi Medical Center - ACT Center Fund created; purpose.
(1) During fiscal year 2010, the State Fiscal Officer shall transfer the sum of Three Million Dollars ($3,000,000.00) from the State General Fund to the University of Mississippi Medical Center - ACT Center Fund created in subsection (2) of this section.
(2) (a) There is created in the State Treasury a special fund to be known as the "University of Mississippi Medical Center - ACT Center Fund," which shall consist of monies deposited therein under subsection (1) of this section and monies from any other source designated for deposit into the fund. Unexpended amounts remaining in the fund at the end of a fiscal year shall not lapse into the State General Fund, and any interest earned or investment earnings on amounts in the fund shall be deposited to the credit of the special fund.
(b) Monies in the fund may be used by the University of Mississippi Medical Center, upon appropriation by the Legislature, for the purpose of providing funds for the ACT Center for Tobacco Treatment, Education and Research at the University of Mississippi Medical Center.
Sources: Laws, 2009, ch. 563, § 17, eff from and after passage (approved May 15, 2009.)