(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a special revenue fund to be known as the "Skills Development Fund".
(b) The fund shall consist of:
(1) Moneys obtained from private grants or other sources that are designated to be credited to the fund; and
(2) Any other revenues as may be authorized by law.
(c) The fund shall be used by the Office of Skills Development as provided in § 25-30-109.
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