Sec. 7. (a) As used in this section, "account" refers to the mental health and addiction services loan forgiveness account established in subsection (b).
(b) The mental health and addiction services loan forgiveness account within the state general fund is established for the purpose of providing grants for loan repayment under this chapter. The account shall be administered by the board. Money in the account shall be used to fund loan forgiveness grants under this chapter.
(c) The account consists of:
(1) appropriations made by the general assembly;
(2) grants; and
(3) gifts and bequests.
(d) The expenses of administering the account shall be paid from money in the account.
(e) The treasurer of state shall invest the money in the account not currently needed to meet the obligations of the account in the same manner as other public money may be invested. Interest that accrues from these investments shall be deposited in the account.
(f) Money in the account at the end of a state fiscal year does not revert to the state general fund.
As added by P.L.170-2009, SEC.9. Amended by P.L.142-2014, SEC.8.
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