(1) The GET ready for math and science scholarship account is created in the custody of the state treasurer.

     (2) The board shall deposit into the account all money received for the GET ready for math and science scholarship program from appropriations and private sources. The account shall be self-sustaining.

     (3) Expenditures from the account shall be used for scholarships to eligible students and for purchases of GET units. Purchased GET units shall be owned and held in trust by the board. Expenditures from the account shall be an equal match of state appropriations and private funds raised by the program administrator.

     (4) With the exception of the operating costs associated with the management of the account by the treasurer's office as authorized in chapter 43.79A RCW, the account shall be credited with all investment income earned by the account.

     (5) Disbursements from the account are exempt from appropriations and the allotment provisions of chapter 43.88 RCW.

     (6) Disbursements from the account shall be made only on the authorization of the board.

[2007 c 214 § 11.]