3-590 - Arizona Statutes

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.