(1) There is hereby created in the state treasury a fund to be known as the minority business fund, which shall be administered by the director of the minority business office.
(2) All moneys received from user fees pursuant to section 24-49.5-103 (1)(f) and any other moneys received by the office shall be placed in said fund.
(3) The general assembly shall make annual appropriations of the moneys in the fund to the minority business office for administering the provisions of this article.
(4) Any moneys in the fund not appropriated shall remain in the fund and shall not be transferred or revert to the general fund of the state at the end of any fiscal year.
(5) The general assembly may from time to time make appropriations from the general fund for the use of the minority business office in carrying out the purposes of this article.
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