There is hereby created in the State Treasury a revolving fund to be designated the “Healthy Food Financing Revolving Fund”. The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all monies received by the State Board of Agriculture for the Healthy Food Financing Act from any state-appropriated funds, federal funds, donations, grants, contributions and gifts from any public or private source. All monies accruing to the credit of the fund are hereby appropriated and may be budgeted and expended by the State Board of Agriculture for the purposes set forth in the Healthy Food Financing Act. No more than ten percent (10%) of the fund expenditures shall be reserved for administrative and operational costs to manage the program, unless those costs are provided from other budgets or in-kind resources.
Added by Laws 2017, c. 106, § 3, eff. Nov. 1, 2017.
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