All moneys derived from grazing fees and grazing leases received by the State under the provisions of the Taylor Grazing Act shall be deposited in the State Treasury in a special fund designated the Nevada Taylor Grazing Act Range Improvement Fund, to be allocated as follows:

1. That part of the Fund derived from grazing fee collections from each Bureau of Land Management grazing district shall be distributed to each county according to its proportionate acreage of such grazing district, and all such funds received by any county shall be placed in a special fund to be designated as the Range Improvement Fund of Grazing District No. ...... Where more than one grazing district is situated in any one county, separate funds shall be kept by such county for each district. Such funds shall be subject to disposition only by the state grazing board for each grazing district concerned, in the manner provided in NRS 568.010 to 568.210, inclusive.

2. That part of the Fund derived from grazing lease charges from lands situated outside grazing districts shall be distributed to each county according to its proportionate acreage of the lands from which such lease charges were derived, and all such funds received by any county shall be placed in a special fund to be designated as the Range Improvement Fund of ................ County. All such funds shall be subject to disposition by the board of county commissioners of each county concerned for range improvements and related matters directly beneficial to the stock raising and ranching enterprises of the county; but any project involving range improvements undertaken by any board of county commissioners on public lands within a grazing district established under provisions of the Taylor Grazing Act shall be undertaken by such board only in cooperation with the federal officials in charge of such district as provided for in NRS 568.010 to 568.210, inclusive.

[2:67:1939; 1931 NCL § 5581.15] — (NRS A 1975, 544)