All moneys received by the department from the tax imposed by this act, including any fines and forfeitures collected under the provisions of this act, shall be forthwith deposited as received with the State Treasurer and maintained by him as a special account entitled “Seed Potato Tax Account.” Moneys credited to such special account shall be appropriated and used for the following purposes:

(a) Cost of administration and collection of the tax;

(b) Programs of education and research, advertising, publicity, sales and promotion of the white potato industry as may from time to time be conducted or approved by the council.

L.1957, c. 169, p. 602, s. 10.