Revolving Funds

A revolving fund is a fund of a specific government agency or entity that collects revenues from fees and other sources and supports expenditures of that agency or entity. The balances of the fund carry over from one year to the next for the same purpose. Most revolving funds are created by laws. Expenditures from revolving funds may be limited to purposes defined by the law. As part of the annual appropriations process, the Legislature may authorize an agency to spend money from a revolving fund to perform their general duties and may transfer money from a revolving fund to the Special Cash Fund to fund other agencies.

There are over 1,100 agency revolving funds, each designated by a specific number and title (e.g. State Bond Advisor 285 Fund – Bond Oversight Revolving Fund).

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