(1) There is created in the General Fund a restricted account known as the "School Readiness Restricted Account".
(2) The School Readiness Restricted Account consists of: (a) money appropriated by the Legislature; (b) all income and interest derived from the deposit and investment of money in the account; (c) federal grants; and (d) private donations.
(a) money appropriated by the Legislature;
(b) all income and interest derived from the deposit and investment of money in the account;
(c) federal grants; and
(d) private donations.
(3) Subject to legislative appropriations, money in the restricted account may be used: (a) to award a grant under Section 35A-15-301 or 35A-15-302; (b) to contract with an evaluator; (c) to fund the participation of eligible students in a high quality school readiness program through a results-based contract; and (d) for administration costs and to monitor the programs described in this part.
(a) to award a grant under Section 35A-15-301 or 35A-15-302;
(b) to contract with an evaluator;
(c) to fund the participation of eligible students in a high quality school readiness program through a results-based contract; and
(d) for administration costs and to monitor the programs described in this part.