The State Treasurer shall transfer to the Department of Parks, Recreation and Tourism that portion of the former Tricentennial Fund consisting of nine hundred eighty-two thousand, seven dollars and fifty cents recovered in litigation as a result of defects in certain buildings owned by the former Tricentennial Commission. Five hundred thousand dollars of such moneys shall be deposited in the trust fund and the balance shall be used by the department for capital improvements as it sees fit.
HISTORY: 1962 Code Section 51-79.13; 1974 (58) 2070; 1993 Act No. 181, Section 1278, eff July 1, 1993.
Effect of Amendment
The 1993 amendment substituted "Department of Parks, Recreation and Tourism" for "State Parks, Recreation and Tourism Commission" and "department" for "Commission".
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