3-590. Arizona grain research fund


A. The Arizona grain research fund is established for the purpose of administering
this article. The council shall administer the fund. The fund consists of fees collected
pursuant to this article. On notice from the council, the state treasurer shall invest
and divest monies in the fund as provided by section 35-313, and monies earned from
investment shall be credited to the fund. Monies in the fund are exempt from the
provisions of section 35-190 relating to lapsing of appropriations.


B. If the council is terminated, any monies remaining in the fund after terminating
this article shall be expended to meet existing legal obligations of the council. The
council shall expend any surplus remaining for market research or other lawful purposes
under this article.