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(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a miscellaneous fund to be known as the “Skills Development Fund”.
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(b) The fund shall consist of:
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(1) General revenues authorized by law;
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(2) Moneys obtained from private grants or other sources that are designated to be credited to the fund; and
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(3) Any other revenues authorized by law.
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(c) The fund shall be used by the Office of Skills Development as provided in § 25-30-109.