Concerning the appropriation of moneys from the state museum cash fund for the benefit of facilities owned and operated by the state historical society, and, in connection therewith, making an appropriation.
2016 Regular Session
State Revenue & Budget
Moneys in the state museum cash fund are currently subject to appropriation to the state historical society to design, construct, and provide exhibits for the new state museum. The act authorizes moneys in the fund to also be appropriated for exhibit planning, development, and build-out at other facilities of the state historical society. The act further specifies that $3 million, plus interest earned on that amount, shall be retained as a controlled maintenance reserve for the new museum, to be available for appropriation for that purpose commencing July 1, 2027.
The act appropriates $2 million to the department of higher education for use by the state historical society for exhibit planning, development, and build-out at its facilities.
(Note: This summary applies to this bill as enacted.)