(a) There is established on the books of the Treasurer of State, the the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "Motor Vehicle Acquisition Revolving Fund".
(b) This fund shall be used for the purpose of acquiring motor vehicles as authorized by §§ 22-8-201 -- 22-8-209.
(c) The fund shall be financed by:
(1) Its proportionate share of moneys made available from the allocation of general revenues as authorized by the Revenue Stabilization Law, § 19-5-101 et seq.;
(2) Moneys made available upon the disposal of used vehicles, which moneys shall be deposited to the credit of the Motor Vehicle Acquisition Revolving Fund rather than being deposited to the owing state agency's fund;
(3) Deposits of moneys from benefiting state agencies; and
(4) Transfers from other Treasury funds and fund accounts of benefiting state agencies.
Section: 19-5-1002 19-5-1003 19-5-1004 19-5-1005 19-5-1006 19-5-1007 19-5-1008 19-5-1009 19-5-1010 19-5-1011 19-5-1013 19-5-1015 19-5-1016 19-5-1017 NextLast modified: November 15, 2016