49-193.03. Fund administration; expenses
A. The board shall administer the fund.
B. On notice to the board and the state treasurer from the director of water resources or the director's designee regarding expenses incurred pursuant to section 49-193.04, subsection A, paragraphs 1 and 4, the state treasurer shall pay the expenses.
C. On notice from the board, the state treasurer shall invest and divest monies in the fund as provided by section 35-313, and monies earned from investment shall be credited to the fund.
D. Monies and other assets in the fund shall be used solely for the purposes authorized by this article.