I. The state treasurer shall establish a separate and distinct account to be known as the Cannon Mountain ski account fund. The account shall be continuing and nonlapsing. The treasurer shall deposit in the Cannon Mountain ski account fund actual revenues associated with the state-owned ski areas, derived by the department of natural and cultural resources from fees, services, accommodations, rentals, revenue from lift and tramway operations, retail sales, and net profit from concession operations in excess of budget expenses. Any federal moneys that become available and all donations and gifts shall be deposited into this account.
Source. 2025, 283:1, eff. Sept. 30, 2025.