I. A town or city, having established an agricultural commission under this subdivision, may appropriate money as deemed necessary to carry out its purposes. The whole or any part of money so appropriated in any year and any gifts of money received pursuant to N.H. Rev. Stat. § 674:44-f shall be placed in an agricultural fund and allowed to accumulate from year to year.
II. The town treasurer, pursuant to N.H. Rev. Stat. § 41:29, shall have custody of all moneys in the agricultural fund and shall pay out the same only upon order of the agricultural commission. The disbursement of agricultural funds shall be authorized by a majority of the agricultural commission. The use of such funds shall not be for the purchase of any interest in real property.