Section 13-39-69 - Vocational education facilities fund--Subfunds--Earnings transferredannually to tuition subaccount.
13-39-69. Vocational education facilities fund--Subfunds--Earnings transferred annually to tuition subaccount. There is created a separate trust fund on behalf of the secretary of education to be on deposit with the state treasurer, such fund to be designated the vocational education facilities fund. The fund established hereby shall consist of all appropriations by the State Legislature specifically designated for deposit therein and any other moneys designated for deposit therein, including any investment earnings thereon. The treasurer may create subfunds or accounts within the trust fund created under this section as the treasurer considers necessary. Any earnings from the investment of such fund may be transferred annually by the state treasurer to the tuition subaccount established by § 13-39-70.
Source: SL 1987, ch 144, § 4; SL 2003, ch 272, § 63.