Nutrient research and education fund created

There is hereby created a nutrient research and education fund for the purpose of advancing fertilizer-related, nutrient-related, and water quality-related purposes as provided in § 38-19-49 . Any money in the nutrient research and education fund is continuously appropriated to the Agriculture Experiment Station. The state may accept and expend for the purposes of §§ 38-19-48 to 38-19-51 , inclusive, funds obtained from appropriations or any other source. Interest earned on money in the fund shall be deposited into the fund. Any money deposited into and distributed from the fund shall be set forth in an informational budget as described in § 4-7-7.2 . Source: SL 2016, ch 201 , § 7. 38-19-49 . Deposit of inspection fees into nutrient research and education fund --Purposes of disbursements. From each fee collected pursuant to § 38-19-10 , fifty cents shall be deposited into the nutrient research and education fund created in § 38-19-48 . The nutrient research and education fund shall be disbursed as follows: (1) The Agriculture Experiment Station may use an amount not to exceed five percent of the revenue deposited in the fund for administrative expenses necessary to carry out the functions of §§ 38-19-48 to 38-19-51 , inclusive; (2) The balance of the fund shall be used for fertilizer-related, nutrient-related, and water quality-related research and education purposes in conjunction with the Nutrient Research and Education Council; and (3) Beginning in fiscal year 2020, a minimum of ten percent of the fund shall be used to support water quality projects. Source: SL 2016, ch 201 , § 4.