Section 24-30-2304 - Revolving fund - definition(1) The state agency sustainability revolving fund, referred to in this section as the "fund", is created in the state treasury. The fund consists of money transferred to the fund pursuant to subsection (2) of this section and any other money that the general assembly may appropriate or transfer to the fund.(2) On July 1, 2024, and on July 1 each year thereafter, the state treasurer shall transfer four hundred thousand dollars from the general fund to the fund. The office shall allocate the money in the fund to assist in replacing the state's gas and diesel-powered equipment that is located in ozone nonattainment areas as designated by the U.S. environmental protection agency with equivalent electric equipment, and to operate the office in accordance with this part 23.(3) The state treasurer shall credit all interest and income derived from the deposit and investment of money in the fund to the fund. Any unexpended and unencumbered money remaining in the fund at the end of a fiscal year shall remain in the fund.(4) Money in the fund is continuously appropriated to the department to be used for the purposes specified in subsection (2) of this section.(5) The department may solicit, accept, and expend gifts, grants, and donations for the purposes of this part 23. The department shall credit any gifts, grants, and donations to the fund.Added by 2024 Ch. 191,§ 1, eff. 5/17/2024.