SECTION 155:10-1-22. Small watershed flood control fund

(a)   None of the funds in the Small Watershed Flood Control Fund shall be expended until 80% of the easements are obtained for the watershed project in which the money from the fund is to be used.

(b)   All requests for funds from the SWCF shall be made by application on form prescribed by the Commission.

(c)   When any real property interest or easement has been acquired by a District in whole or in part by the use of any funds allocated from the SWCF and the property acquired is thereafter sold, leased, or rented, it shall be the duty of the Board of Directors of the said District to remit to the Commission a pro rata share of the proceeds of such sale or lease equal to the percentage of the total cost of the acquisition of such real property or easement which was paid from any allocation made from the SWCF and all such remittances shall be forwarded to the Commission within 30 days from receipt thereof by the Conservation District.

(d)   No property owned by the Conservation District whereby revolving fund money has been used shall be encumbered for longer than one year unless a longer encumbrance is approved by the Commission.

(e)   The Commission may direct any Conservation District to dispose of property or easements after a review of the facts and circumstance of why such property or easement is still retained by the Conservation District.