Money In Creative Industries Cash Fund

Capital Development Committee. Currently, the unexpended and unencumbered money in the creative industries cash fund at the end of a fiscal year is available for expenditure by the creative industries division in the office of economic development (division) in the next fiscal year without further appropriation. For money credited to the creative industries cash fund from the capital construction fund for the purposes of the art in public places program, the bill allows the division to spend unexpended and unencumbered money in the creative industries cash fund at the end of a fiscal year in the next 2 fiscal years without further appropriation.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)