Public School Construction Oversight Restricted Account

(1) (a) There is created within the General Fund a restricted account known as the "Public School Construction Oversight Restricted Account." (b) The account shall be funded by: (i) construction oversight fees collected under Section 63A-5b-1214; (ii) administrative fees collected for division-managed construction services under Section 63A-5b-1213; and (iii) any penalties collected under Section 63A-5b-1215. (c) Money in the account: (i) shall be used exclusively for public school construction oversight activities described in this part; (ii) may not be used for other division operations unrelated to public school construction oversight; (iii) does not lapse at the end of a fiscal year; and (iv) shall earn interest, which shall be deposited into the account. (2) The Legislature may appropriate money from the account to the division for implementation of this part, including: (a) plan review and permitting activities; (b) inspection roster maintenance and oversight; (c) cost database development and maintenance; (d) training and technical assistance programs; (e) compliance monitoring and enforcement; (f) online document management system operation; (g) standardized design template development; (h) staffing costs directly related to public school construction oversight; (i) contracted services necessary for oversight activities; and (j) other oversight activities this part requires. (3) The division shall: (a) maintain separate accounting for revenue and expenditures from the account; (b) upon request, report to the Legislature on: (i) total fee revenue collected; (ii) account balance; (iii) expenditures by category; and (iv) projected future revenue and expenses; and (c) ensure that fee rates are sufficient to fund oversight activities without requiring additional appropriations.