(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the “Arkansas Rice Research and Promotion Fund”.
(b) The fund shall consist of those special revenues as specified in § 19-6-301(35) there to be used for the operation of the Arkansas Rice Research and Promotion Board as set out in the Arkansas Rice Research and Promotion Act of 1999, § 2-20-501 et seq.
(c) The fund shall be used for the operation of the board in carrying out the powers, functions, and duties as may be provided by law and shall consist of those revenues as may be provided by law.