8-1181

8-1181. Early childhood development and health
fund

(Caution: 1998 Prop. 105 applies)

A. The early childhood development and health fund is established consisting of
funds transferred pursuant to subsection D; federal, state, local and private funds
accepted by the board pursuant to 8-1182; and any monies appropriated to the board by the
legislature. The board shall administer the fund.

B. The early childhood development and health fund is divided into the following
accounts: the program account, the administrative costs account, the private gifts
account, the grant monies account and the legislative appropriations account.

C. Monies in the program, administrative costs, private gifts and grant monies
accounts of the fund are not subject to legislative appropriation and are exempt from the
provisions of section 35-190 relating to lapsing of appropriations.

D. Ninety percent of the monies deposited into the early childhood development and
health fund pursuant to section 42-3373 shall be deposited into the program account and
ten percent of the monies shall be deposited into the administrative costs account.
Administrative costs of the board, including staff compensation, may only be paid from
the administrative costs account. Funds may be transferred by the board from the
administrative costs account to the program account, but funds may not be transferred
from the program account to the administrative costs account. Funds may be transferred by
the board from the private gifts account and the grant monies account to the
administrative costs account to cover the administrative costs of programs and activities
undertaken using gift or grant monies.

E. The board may invest any unexpended monies in the fund as provided in title 35,
chapter 2. Interest and other income from investments of monies in any account shall be
credited to that account except as otherwise provided by law.