The amount of state aid given a community, county, district, division or other agricultural show shall be a percentage of the premiums paid by the show, except for special merit, as is provided in this section:

(1) No community fair shall be paid more than fifty percent (50%) of its approved agricultural premiums in any one (1) year;
(2) No county fair shall be paid more than fifty percent (50%) of its approved agricultural premiums in any one (1) year;
(3) No district fair shall be paid more than fifty percent (50%) of its approved agricultural premiums in any one (1) year; and
(4) No division fair shall be paid more than fifty percent (50%) of its approved agricultural premiums in any one (1) year.