(1) There is created within state government the School and Institutional Trust Fund Office.
(2) The office is an independent state agency within the executive branch and is not a division of any other executive branch department.
(3) The office shall manage the trust fund.
(4) No later than September 1 of each year, the office shall provide to the Division of Finance financial information for the prior fiscal year that the Division of Finance requests for financial reporting purposes.
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