§ 35-4-20.2 - Contribution of money from water development fund – Exemptions where federal assistance suspended.
SECTION 35-4-20.2
§ 35-4-20.2 Contribution of money fromwater development fund – Exemptions where federal assistance suspended.– (a) Should any state fund be the recipient of contributions, either by thematching of state funds or by a general donation to state funds, and thepayment of money into the general fund should cause the fund to lose federalassistance, the governor shall certify to the state treasurer that the fund isfor that reason exempt from the force and effect of §§ 35-4-20 –35-4-20.3.
(b) Should it be determined by the director of administrationthat, by reason of payments already made into the general fund by any fundunder this chapter, the fund is subject to the loss of federal assistance, thenthe governor shall certify to the state treasurer that the fund is exempt fromthe provisions of §§ 35-4-20 – 35-4-20.3, and the statetreasurer shall thereupon refund and pay over to the fund any amount or amountspreviously paid into the general fund by that fund.