Public Finance

State Funds

SECTION 35-4-25

§ 35-4-25. Funds attributable to agency business operations.

State agencies which operate business-like enterprises at the state institutions shall maintain the funds attributable to these operations in accounts within the general fund. All funds received by the department of corrections, the department of behavioral healthcare, developmental disabilities and hospitals, and the department of children, youth, and families from these operations shall be deposited as general revenues. The agency shall, through the annual budget process, report to the general assembly the estimated amount for the next fiscal year, together with the intended use of the funds. Nothing contained in this section, however, shall conflict with the powers and duties granted the board of governors for higher education and the board of regents for elementary and secondary education in chapters 59 and 60 of title 16.

History of Section.
(P.L. 1993, ch. 138, art. 5, § 2; P.L. 1995, ch. 370, art. 40, § 109; P.L. 2011, ch. 363, § 22.)