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            A. The board may incur necessary expenses in the discharge of its duties, functions, and responsibilities of this Part.

            B. The cost of equipment, office space, office supplies and all other necessary expenses for the administration, implementation, and enforcement of this Part shall be paid from self-generated funds or other funds made available to the board for such purpose.

            C. The board may accept grants, allocations, or appropriations from the United States government or donations, grants, or other forms of assistance from private foundations or other sources.

            D. Annually on January first of each year, the board’s available funding on hand shall be not more than fifty thousand dollars. In the event the available funding is less than fifty thousand dollars, the administrative entity for each pilot group shall remit to the board the pro rata share of the shortage for the commissioned pilots it represents.

            Acts 2004, No. 902, §1, eff. Jan. 1, 2005; Acts 2022, No. 396, §1.