§ 16360 Federal Trust Fund Deposits

• •There's a special pot of money called the Federal Trust Fund in the state's bank.
• •This fund holds money given by the U.S. government to the state for specific purposes.
• •The state's finance boss and controller decide how this money is saved and used.

The U.S. government gives money to the state to help build new schools.

This money doesn't go into the state's regular bank account. Instead, it goes into the Federal Trust Fund, and the state's finance boss and controller make sure it's only used for building those schools.