35A-15-203. School Readiness Restricted Account -- Creation -- Funding -- Distribution of funds.
(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: money appropriated by the Legislature; all income and interest derived from the deposit and investment of money in the account; federal grants; and private donations.
(3) Subject to legislative appropriations, money in the restricted account may be used: to award a grant under Sectionor; 35A-15-301 35A-15-302 to contract with an evaluator; to fund the participation of eligible students in a high quality school readiness program through a results-based contract; and for administration costs and to monitor the programs described in this part.
(4) Money for awards under Subsection (3)(a) shall be allocated in the following order to: pay results-based contracts; grant awards under Section; and 35A-15-302 if any allocated funds remain, grant awards under Section. 35A-15-301