81-1-112. Livestock loss reduction and mitigation restricted account. (1) There is an account in the state special revenue fund established by 17-2-102 to be known as the livestock loss reduction and mitigation restricted special revenue account. The account is administered by the department.
     (2) Money is transferred to the account from the state general fund pursuant to 15-1-122 and is restricted to the purpose of making payments to livestock producers for confirmed and probable livestock losses pursuant to 2-15-3112(2). Money in the account may not be expended for administrative expenses.
     (3) The livestock loss reduction and mitigation restricted account is statutorily appropriated, as provided in 17-7-502, to the department for the purpose of making payments to livestock producers as provided in subsection (2) of this section. (Subsection (3) terminates June 30, 2017--sec. 13, Ch. 339, L. 2011.)

     History: En. Sec. 1, Ch. 339, L. 2011.