§354D-10  Correctional industries revolving
fund.  (a)  There is created the correctional industries revolving fund to
be administered by the department.  All moneys collected by the department from
the sale or disposition of goods and services produced in accordance with this
chapter and any inmate deductions shall be deposited into the correctional
industries revolving fund.  The proceeds in the correctional industries
revolving fund shall be used for:  the purchase or lease of supplies,
equipment, and machinery; the construction, leasing, or renovating of buildings
used to carry out the purposes of this chapter; the salaries of personnel
necessary to administer the enterprises established in accordance with this
chapter; payment of inmates for work assignments; the reimbursement of
incarceration costs of the inmates related to the inmates' participation in
correctional industries; and other necessary expenses; provided that the
correctional industries revolving fund shall not be maintained in excess of the
amount necessary to carry out the purposes of this chapter.



(b)  The director shall perform actuarial
evaluations of the management and operation of the fund from time to time, as
may be necessary, to ensure that the fund is self-sufficient. [L 1990, c 341,
pt of §1; am L 1991, c 256, §4; am L 1993, c 280, §56 and c 303, §1]



 



Note



 



  Transfer of certain interest earnings to the general fund
until June 30, 2015.  L 2009, c 79, §30(a)(34).