§342D-85 - Revolving fund; deposits.
§342D-85 Revolving fund; deposits. The
following may be deposited into the revolving fund:
(1) Federal capitalization grant funds and other
federal grants, loans, or appropriations;
(2) Appropriations by the legislature to the
revolving fund;
(3) Payments of principal and interest and other
amounts made by eligible parties pursuant to loans or other agreements entered
into with the director pursuant to this part; provided that if the loans were
financed by proceeds of revenue bonds of the director, the deposit of the
payments into the revolving fund shall be subject to the rights of the holders
of the bonds to receive the moneys;
(4) Fees for loans and other items under section
342D-86;
(5) Proceeds of revenue bonds issued by the director
for the purpose of providing financial assistance to eligible parties;
(6) Moneys paid to the revolving fund as a result of
court ordered awards of judgments;
(7) Moneys paid to the revolving fund in
court-approved or out-of-court settlements;
(8) All interest attributable to investment of moneys
deposited in the revolving fund; and
(9) All moneys allotted or directed to the revolving
fund from other sources. [L 1997, c 221, pt of §1; am L 2002, c 132, §8]
Note
Agency rules shall supersede the 2002 amendment until the
rules are amended, repealed, or replaced. L 2002, c 132, §9.