Sec. 29. (a) The bureau may, with the consent of the budget agency, establish child support enforcement revolving funds for the deposit of a part of the child support money collected by the bureau under this chapter.

(b) The amount of money to be deposited in a revolving fund established under this section shall be determined by the budget director. The budget agency shall annually review each revolving fund for the purpose of determining whether the fund's current level is adequate for the purpose of making disbursements described in subsection (c) and shall report to the budget director recommendations regarding changes in the amount of the fund. The budget director may authorize an increase or a decrease in the fund.

(c) Disbursements from a revolving fund established under this section may be made only to the bureau as follows:

(1) For payment of expenses incurred by the division in the collection of child support under this chapter.

(2) To enable the bureau to participate in child support collection projects offered by other units of government or the private sector.

(d) The bureau shall do the following:

(1) Request the budget agency to allocate, as needed, money from the revolving fund for the purposes described in subsection (c).

(2) Keep complete financial records of all transactions.

(3) Prepare, before the beginning of each fiscal year, an annual budget of proposed expenditures from the revolving funds.

(e) The bureau shall submit an annual budget to the budget agency for approval under subsection (d), and an expenditure in excess of the approved budget may not be made without the approval of the budget agency.

(f) Money in a revolving fund established under this section does not revert to any other fund at the end of a state fiscal year.

(g) The treasurer of state may invest the money in a revolving fund established under this section in the manner provided by law for investing money in the state general fund.

As added by P.L.145-2006, SEC.271.