12-3-712. Creation of trust fund; expenditure; accounting.

1. (1)

   The state treasurer shall establish a separate trust fund in the state treasury that shall be known as the Vince Dooley Battlefield Trust Fund, consisting of annual appropriations by the General Assembly to the fund, public or private grants, gifts, donations, or contributions dedicated to the fund for battlefield preservation, and moneys from any other source, including local, state, or federal program funds dedicated to the fund for battlefield preservation.#

2. (2)

   The state treasurer shall invest the money held in the fund in the same manner in which state funds are invested as authorized by the State Depository Board pursuant to Article 3 of Chapter 17 of Title 50. Interest earned by the money held in the fund shall be accounted for separately and shall be credited to the fund to be disbursed as other moneys in the fund.#

Moneys held in the fund shall be expended by the department solely as provided in this article.#

The department shall prepare an accounting of the funds expended pursuant to this article during the most recently completed fiscal year to be provided to the Office of Planning and Budget, the House Budget and Research Office, and the Senate Budget and Evaluation Office by January 1 of each year.#