90-4-103. Alternative energy and energy conservation research development and demonstration account established -- allocation of funds. (1) There is within the state special revenue fund an alternative energy and energy conservation research development and demonstration account. Money is paid into this account from repayments of grants and loans previously awarded from this account. The state treasurer shall draw warrants payable from this account upon order of the department.
     (2) Each fiscal year the department shall allocate the funds appropriated from the alternative energy and energy conservation research development and demonstration account for the following:
     (a) grants under 90-4-104 and 90-4-106;
     (b) loans under 90-4-104 and 90-4-106;
     (c) grants to state governmental units under 90-4-109;
     (d) program administration; and
     (e) matching federal energy programs and petroleum violation escrow account money if consistent with the purposes of this chapter.
     (3) To assure that the program offers the greatest possible benefits during the fiscal year, the department may reallocate funds among the categories specified in this section based on the availability of funds or the applications it receives and the department's evaluation of the relative merits of each project.

     History: (1)En. 84-7409 by Sec. 3, Ch. 501, L. 1975; R.C.M. 1947, 84-7409; amd. Sec. 3, Ch. 98, L. 1983; amd. Sec. 1, Ch. 277, L. 1983; (2), (3)En. Sec. 4, Ch. 8, Sp. L. June 1986; amd. Secs. 2, 7, Ch. 626, L. 1989; amd. Sec. 492, Ch. 418, L. 1995.