[§23-3.6]  Audit revolving fund.  (a) 
There is established the audit revolving fund to be administered by the office
of the auditor, into which shall be deposited:



(1)  Reimbursement moneys received by any department,
office, or agency of the State and its political subdivisions for financial
audits;



(2)  Moneys received by the auditor from any
department, office, or agency of the State and its political subdivisions for
audit costs payable by special funds, revolving funds, capital improvement
funds, or trust funds;



(3)  Legislative appropriations; and



(4)  All interest and investment earnings credited to
the assets of the fund.



(b)  Moneys in the audit revolving fund shall
be expended by the auditor to conduct audits of the State's departments,
offices, agencies, and political subdivisions, audits of special, revolving,
capital improvement, or trust funds, and for the services of certified public
accountants contracted to conduct such audits. [L Sp 2003, c 4, pt of §1]