47-5-78 - Creation of the "Lambert State Forest Revolving Fund".
§ 47-5-78. Creation of the "Lambert State Forest Revolving Fund".
There is established within the State Treasury a revolving fund to fund forest management costs provided under Sections 47-5-56 and 47-5-66 for the Lambert State Forest in Quitman County and shall be disbursed as provided in those sections. The fund shall be called the "Lambert State Forest Revolving Fund," and moneys for the fund shall accrue from any revenues derived from the Lambert State Forest including, but not limited to, timber sales and any other revenue derived from forest management practices. The State Treasurer shall invest all monies in the fund, and interest earned on the investments shall be paid back into the fund and not into the General Fund. The fund shall be audited annually by the State Auditor.
Sources: Laws, 1996, ch. 337, § 1; Laws, 2000, ch. 362, § 3, eff from and after passage (approved Apr. 17, 2000.)