South Dakota Codified Laws 38-19-49. Deposit of inspection fees into nutrient research and education fund–Purposes ofdisbursements
From each fee collected pursuant to § 38-19-10, fifty cents shall be deposited into the nutrient research and education fund created in § 38-19-48. The nutrient research and education fund shall be disbursed as follows:
(1) The Agriculture Experiment Station may use an amount not to exceed five percent of the revenue deposited in the fund for administrative expenses necessary to carry out the functions of §§ 38-19-48 to 38-19-51, inclusive;
Terms Used In South Dakota Codified Laws 38-19-49
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(2) The balance of the fund shall be used for fertilizer-related, nutrient-related, and water quality-related research and education purposes in conjunction with the Nutrient Research and Education Council; and
(3) Beginning in fiscal year 2020, a minimum of ten percent of the fund shall be used to support water quality projects.
Source: SL 2016, ch 201, § 4.