(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the "Social Innovation Fund".
(b) The fund shall consist of:
(1) Any loans, investments, or other amounts received by the Department of Community Correction under the Pay-for-Success Act, § 12-27-201 et seq.;
(2) Grants made by any person or federal government agency; and
(3) Any other funds authorized or provided by law.
(c) The fund shall be used by the department to make any payments required under the Pay-for-Success Act, § 12-27-201 et seq.
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