[§168-3]  Funds.  The board of
agriculture shall pay all receipts and revenues received by it from the
operation of an irrigation and water utilization system into the irrigation
system revolving fund established under section 167-22.  The fund shall be used
and expended for the following purposes:



(1)  Payment of the operating and maintenance costs of
the system;



(2)  Repairs, replacements, additions, and extensions;



(3)  Reimbursement to the State the amount of any
principal or interest due upon any bond issue under this chapter. [L 1987, c
306, pt of §2]