Sec. 1. (a) A trust account within the state general fund shall be established for each county that imposes a tax. Any revenue derived from the imposition of the tax by a county shall be deposited in that county's trust account in the state general fund. The county's trust account shall be maintained by the budget agency for each county without consideration for the county's allocation of tax revenue among the purposes authorized by this article.
(b) Any income earned on money held in a trust account under subsection (a) becomes a part of that trust account.
(c) Any revenue remaining in a trust account established under subsection (a) at the end of a fiscal year does not revert to the state general fund.
As added by P.L.243-2015, SEC.10. Amended by P.L.126-2016, SEC.1.
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