Section 7January 24, 1990, Sec./Art. 7

Administrative Cost. – The Fund shall bear the costs of its administration and development in such amounts and/or limits as the administering agencies shall deem appropriate, but not exceeding one percent (1%) of the Fund assets of the previous year. Expenses for organization and initial operations shall be provided by the administering agencies as advances, subject to reimbursement.

All appropriations under this Act shall be released quarterly in four (4) equal installments to the administering agencies in accordance with the allotment of the Fund under Section 3 hereof.