§29-28-12 Fund established; authorized expenditures; annual report.
§29-28-12. Fund established; authorized expenditures; annual report.
(a) There is established in the state treasury a special revenue fund designated the "Coal Heritage Highway Authority Fund", which shall be administered by the coal heritage highway authority board.
(b) All funds accruing to the authority pursuant to the provisions of this article shall be deposited into the fund and expended in accordance with provisions of this article.
(c) Any remaining balance, including accrued interest, in the fund at the end of the fiscal year shall not revert to the general revenue fund, but shall remain in the account.
(d) On or before the first day of January of each year, the board shall submit to the Legislature an annual fiscal year report on the funds and the activities of the authority including, but not limited to, the previous fiscal year's receipts and expenditures and projected receipts and expenditures for the current and next fiscal years. The board shall send the report to the legislative librarian.