6-135. Department revolving fund; use of
fund
A. There is established a department revolving fund to be administered by the
superintendent under the conditions and for the purposes provided by this
section. Monies in the fund are exempt from the provisions of section 35-190, relating
to the lapsing of appropriations.
B. Any investigative costs, attorney fees or civil penalties recovered for the
state by the attorney general or the superintendent as a result of actions brought
pursuant to this title, whether by final judgment, settlement or otherwise, shall be
deposited in the department revolving fund. If the unencumbered portion of the fund
exceeds fifty thousand dollars at the end of the fiscal year, all unencumbered monies in
excess of fifty thousand dollars shall be deposited in the department receivership
revolving fund, pursuant to section 6-135.01.
C. The monies in the fund shall be used by the superintendent and the attorney
general for investigative proceedings or for purposes of instituting and prosecuting
civil actions pursuant to this title.
D. On or before the fifteenth day of February, May, August and November, the
superintendent shall file with the governor, with copies to the director of the
department of administration, the president of the senate and the speaker of the house of
representatives, a full and complete account of the receipts and disbursements from the
fund in the previous calendar quarter.
|