§314-13 Revolving fund. (a) There is established in the state treasury the public broadcasting revolving fund into which shall be deposited all revenues received for services, airtime, or other uses of public broadcasting facilities; any state funds specifically appropriated for deposit into the revolving fund; and donations, grants, and fees. All revenues deposited into the revolving fund shall be expended for the public broadcasting authority and the authority's related activities and programs.

(b) The board shall prepare an annual report for the legislature identifying the amount and source of all revenues deposited into the revolving fund. The report shall be submitted to the legislature not less than twenty days prior to the convening of each regular session of the legislature. [L 1972, c 199, pt of §2; am L 1993, c 75, §2]