A. The board of supervisors may collect groundwater transportation fees paid to the county pursuant to section 45-556.

B. The board of supervisors shall transmit all monies collected under this section to the county treasurer for deposit in a groundwater basin economic development fund. The board shall use monies in the fund to enhance economic development in the groundwater basin or sub-basin with respect to which the monies were collected, including water acquisition or other mitigation activities for remaining water users in the groundwater basin or sub-basin, economic planning, business and industrial recruitment and retention and other necessary and appropriate economic development activities. If the groundwater basin or sub-basin is completely dedicated for purposes of transporting groundwater away from the basin or sub-basin, the monies collected under this section may be used for such economic development activities anywhere in the county.