The innovation loan fund to support technology advancement is a special fund in the
state treasury and must be administered by the department of commerce. All moneys in the fund are appropriated to the department of commerce on a continuing
basis for the purpose of providing innovation technology loans and for administrative
expenses. The department of commerce shall deposit in the innovation loan fund to support
technology advancement all principal and interest paid on loans made from the fund. Interest earned on moneys in the fund must be credited to the fund.
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