§ 106-813. North Carolina Dairy Stabilization and Growth Fund. - North Carolina Statutes

§ 106‑813.  NorthCarolina Dairy Stabilization and Growth Fund.

(a)        The North CarolinaDairy Stabilization and Growth Fund is created as a nonreverting account in theDepartment of Agriculture and Consumer Services. The Fund shall consist of anymoney appropriated to the Fund by the General Assembly and money made availableto it from grants, donations, and other sources. The Board of Agriculture shallactively seek donations, grants, and other sources of money for the Fund.

(b)        The Board shall usethe monies in the Fund as follows:

(1)        Up to two percent(2%) of the money appropriated annually by the General Assembly may be used bythe Department for the costs of administering the Dairy Stabilization andGrowth Program. In the event that the General Assembly does not make anappropriation to the Fund in a given year, up to two percent (2%) of thebalance remaining in the Fund may be used by the Department for the costs ofadministering the Program.

(2)        The monies remainingafter administrative expenses are deducted shall be used to provide assistanceto North Carolina dairy farmers in accordance with the provisions of G.S. 106‑814.

(3)        At the end of anyfiscal year in which the total payments to North Carolina dairy farmers underG.S. 106‑814 are less than fifty percent (50%) of the amount appropriatedby the General Assembly for the year, five percent (5%) of the unspentappropriation for the year may be set aside for use in that year and subsequentyears for programs to support the development of the dairy industry. (2006‑139, s. 1.)