Delaware Code § 4-1386

Deposit of receipts
Open in Lexace · Ask the AI about this section
(a) All money received by the Division of Revenue under this chapter shall be allocated as follows:
(1) All marijuana tax money and all money received through fees or other mechanisms must be deposited in accordance with §
6103(a) of Title 29 and credited to the Marijuana Regulation Fund.
(2) Each month, 7% of total marijuana tax money received from the preceding month shall be withdrawn from the Marijuana
Regulation Fund and credited to the Justice Reinvestment Fund.
(b) The State Treasurer shall invest the Funds consistent with the investment policies established by the Cash Management Policy Board.
The State Treasurer shall credit interest to the Funds on a monthly basis consistent with the rate established by the Cash Management
Policy Board.

‹ Prev All Delaware sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.