Section 4-4-4.3 - Securities operating fund and insurance operating fund established--Permittedexpenditures.
4-4-4.3. Securities operating fund and insurance operating fund established--Permitted expenditures. There is established within the state treasury the securities operating fund and the insurance operating fund, into which shall be deposited all fees received by each division. All moneys in the funds created by this section shall be budgeted and expended in accordance with the provisions of Title 4 on warrants drawn by the state auditor on vouchers approved by the secretary of the Department of Revenue and Regulation. Expenditures from these funds may be made only to pay the necessary expenses of purposes specified in §§ 37-5B-1 to 37-5B-50, inclusive, and chapters 37-25A, 47-31B, 47-33, and Title 58.
Source: SL 1989, ch 48, § 1; SL 2003, ch 272, §§ 20, 121; SL 2004, ch 278, § 55; SL 2008, ch 203, § 60.