80-11-310. Deposit and disbursement of funds -- investment. (1) As soon as possible after receipt, all money received by the department from the assessment levied under 80-11-307 and all other money received must be deposited in the alfalfa seed account in the state special revenue fund.

(2) (a) All money referred to in subsection (1) may be appropriated to the committee and may be used only for the payment of expenses incurred in carrying out the provisions of Title 80, chapter 6, part 11, and this part.

(b) The committee may transfer money from the account to the alfalfa leaf-cutting bee account provided for in 80-6-1109.

(c) The committee may be assessed costs by the department for the services it provides upon request or pursuant to 2-15-121. The costs charged must have a substantial relationship to the cost of services supplied.

(3) Money received under 80-11-312, 80-11-313, and this section that is not immediately required for the purposes of Title 80, chapter 6, part 11, and this part must be invested under provisions of the unified investment program established in Title 17, chapter 6, part 2. The income from the investment must be deposited in the alfalfa seed account in the state special revenue fund.

(4) Money received under 80-11-312, 80-11-313, and this section may be appropriated to the committee for the purposes of Title 80, chapter 6, part 11, and this part.

History: En. Sec. 11, Ch. 405, L. 1981; amd. Sec. 2, Ch. 277, L. 1983; amd. Sec. 12, Ch. 700, L. 1989; amd. Sec. 2, Ch. 575, L. 1991; amd. Sec. 8, Ch. 220, L. 1995; amd. Sec. 71, Ch. 509, L. 1995; amd. Sec. 4, Ch. 102, L. 2015.