TITLE 66

STATE CHARITABLE INSTITUTIONS

CHAPTER 11

FUNDS OF CHARITABLE INSTITUTIONS

66-1105.  Charitable institutions income fund. There is established in the state treasury the charitable institutions income fund. The fund shall consist of all moneys distributed from the charitable institutions earnings reserve fund and from other sources as the legislature deems appropriate. Moneys in the charitable institutions income fund shall be used for the benefit of the beneficiaries of the endowment and distributed to current beneficiaries of the charitable institutions endowment pursuant to legislative appropriation.

History:

[66-1105 added 1998, ch. 256, sec. 59, p. 848.]