6-135.01. Department receivership revolving fund; use of fund
A. A department receivership revolving fund is established to be administered by the superintendent. The fund shall consist of monies from the following sources:
1. Monies awarded and received as fees and costs in receiverships in which the superintendent was the receiver, as provided in section 6-131.01.
2. Monies received from the department revolving fund, as provided in section 6-135, subsection B.
B. Monies in the fund may be used to pay any costs incurred by the department arising out of the administration of a receivership in which the superintendent is the receiver.
C. The superintendent shall submit to the legislature with the department's annual budget request a full and complete account of the department receivership revolving fund through the end of its most recent fiscal year.Section: Previous 6-130 6-131 6-131.01 6-132 6-133 6-134 6-135 6-135.01 6-136 6-137 6-138 6-139 6-141 6-142 6-143 Next
Last modified: October 13, 2016