90-9-310. Terms and conditions of grants. (1) A grant does not accrue interest, but is contingent on the funds being used for the specified purpose.

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

(2)The council may make a grant of up to $50,000 if an application meets all of the criteria set forth in 90-9-308 and 90-9-311 and one of the following applies:

(a)the proposal will benefit agricultural companies in addition to the applicant;

(b)the proposal will accomplish research that benefits agriculture as a whole; or

(c)the applicant is a nonprofit entity.

(3)The council may award a grant of up to $2,500 for educational, promotional, marketing, travel, or other business expenses related to agricultural development. These grants are not subject to the criteria set forth in 90-9-308 or 90-9-311.