§3024. Acceptance and use of funds

            The board shall accept any contributions or subsidies made to it from state funds and shall use the funds to meet administrative expenses for any of its purposes and to provide a reserve fund to guarantee loans made pursuant to the provisions of this Chapter and to pay interest on guaranteed loans, as provided by R.S. 17:3023.

            Acts 1978, No. 135, §2; Acts 1995, No. 713, §1; Acts 2016, No. 314, §3(A).