(a) In this section, “Fund” means the Drainage District Fund.
(b) There is a Drainage District Fund.
(c) (1) The purpose of the Fund is to encourage drainage projects to promote the ditching, draining, leveeing, and reclaiming of wet and overflowed land that can be made available for agriculture.
(2) Loans not exceeding $2,000 may be made from the Fund for a drainage project to pay the expenses of the surveys, board of viewers, advertising, and all other incidental fees and expenses connected with the drainage project until the drainage district is established and the work is turned over to the board of drainage commissioners.
(d) The sum of $10,000 shall be appropriated from money in the State Treasury, which is not otherwise appropriated, to the credit of the Fund.
(e) When there is money to the credit of the Fund, the State Treasurer shall pay the money to be loaned:
(1) on warrant of the Comptroller; and
(2) on the receipt of an itemized statement requesting the loan, endorsed by the designated officer and presiding officer of the county commissioners or county council of the county in which the original petition of the drainage district was filed.
(f) The funds loaned by the State shall be returned to the State Treasury through the county commissioners or county council, who shall collect the amount loaned under a petition filed under this title from:
(1) if the petition is not allowed, the petitioner or the petitioner’s surety; or
(2) if the drainage district is established, the board of drainage commissioners out of the first proceeds of the sale of the bonds of the drainage district charged with the loan.
(g) In order for the Fund to be available for other projects, a loan to one drainage district may not be greater than the amount that is necessary for the use of the drainage district.