215.24  Exemptions where federal contributions or private grants.--

(1)  Should any state fund be the recipient of federal contributions or private grants, either by the matching of state funds or by a general donation to state funds, and the payment of moneys into the General Revenue Fund under s. 215.20 should cause such fund to lose federal or private assistance, the Governor shall certify to the Department of Banking and Finance and to the State Treasurer that said income is for that reason exempt from the force and effect of s. 215.20.

(2)  Should it be determined by the Governor that by reason of payments already made into the General Revenue Fund by any fund under this law, such fund is subject to the loss of federal or private assistance, then the Governor shall certify to the Department of Banking and Finance and to the State Treasurer that the income from such assistance is exempt from the provisions of this law, and the Department of Banking and Finance or the State Treasurer, as the case may be, shall thereupon refund and pay over to such fund any amount previously paid into the General Revenue Fund from such income.