§ 63-3221.1. University Hospitals Marketing Revolving Fund.

A.  There is hereby created in the State Treasury a revolving fund for the University Hospitals, to be designated the "University Hospitals Marketing Revolving Fund".  The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all monies received by the University Hospitals pursuant to the provisions of this section.  All monies accruing to the credit of said fund are hereby appropriated and may be budgeted and expended by the University Hospitals for the purpose of marketing research and planning, public education, special events customary to the health care industry, advertising and promotion of special and general services provided or sponsored by the University Hospitals and such other purposes specifically authorized by the Legislature.  Expenditures from said fund shall be made upon warrants issued by the State Treasurer against claims filed as prescribed by law with the Director of the Office of Management and Enterprise Services for approval and payment.

B.  An amount equal to one-tenth of one percent (1/10 of 1%) of the total annual operating budget of the University Hospitals and such other funds as may be specifically designated for deposit to the fund shall be deposited in the University Hospitals Marketing Revolving Fund.

Added by Laws 1988, c. 266, § 23, operative July 1, 1988.  Amended by Laws 1994, c. 283, § 3, eff. Sept. 1, 1994.  Renumbered from § 412.1 of Title 56 by Laws 1994, c. 283, § 21, eff. Sept. 1, 1994.  Amended by Laws 2010, c. 413, § 24, eff. July 1, 2010; Laws 2012, c. 304, § 516.