53-18-102. Creation of self-sufficiency trust account.
53-18-102. Creation of self-sufficiency trust account. (1) There is created a self-sufficiency trust account in the state treasury. The state treasurer shall deposit to the credit of the trust account money received from a self-sufficiency trust for that purpose. The state treasurer shall direct payments from the trust account upon claims certified by the director of the department.
(2) The assets of the trust account must be preserved, invested, and expended in the manner and for the purposes provided in 53-18-103. At the end of each fiscal year, the unexpended account balance must carry forward to the next fiscal year and may not revert to the state general fund.
History: En. Sec. 2, Ch. 542, L. 1989; amd. Sec. 31, Ch. 325, L. 1995.