A conservancy district or a subdistrict thereof may apply to the director of natural resources for an advance of moneys from the conservancy district organization fund, which is hereby created in the state treasury, to enable such district or subdistrict to pay all or a part of the expenses of organization, surveys and plans, appraisals, estimates of cost, land options, and other incidental expenses of the district or subdistrict. The director shall consider such application and recommend to the controlling board an amount of moneys reasonably needed by such district or subdistrict. The controlling board shall then determine the amount to be advanced.
All amounts received by any such conservancy district or subdistrict as advances from the fund shall be repaid by it to the state immediately upon the receipt by it of moneys from the sale of bonds or from other sources which may be used for that purpose, or in such number of equal annual installments, not exceeding five, and commencing at such time, as shall be specified in the order of the director.
Effective Date: 07-01-1985