Section 19-5-1280 - Teacher Minimum Salary and Raise Fund(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a miscellaneous fund within the Public School Fund to be known as the "Teacher Minimum Salary and Raise Fund".(b) The fund shall consist of: (1) Moneys obtained from private or public grants, gifts, or donations that are designated to be credited to the fund; and(2) Any other moneys authorized or provided by law.(c) The fund shall be used by the Department of Education to maintain and distribute revenue authorized under § 6-17-2403 for teacher minimum salary levels and teacher raises.(d) Moneys remaining in the fund at the end of each fiscal year shall carry forward and be made available for the purposes stated in this section in the next fiscal year.Added by Act 2023, No. 237,§ 63, eff. 7/1/2023.