§ 11-37-107 — Creation of account; collection of additional brand inspection fee; disposition of proceeds

(a) All monies received by the council shall be deposited
in the state treasury. The state treasurer shall deposit the
monies to the credit of the beef council account. Interest
earned on monies in the account shall be deposited to the credit
of the account. All monies in the account including earned
interest shall be expended only for the purposes authorized by
this act.
(b) In addition to the brand inspection fee provided in
W.S. 11-20-401 the board shall collect an additional amount not
to exceed one dollar ($1.00) per head on cattle and calves
under the same authority and at the same time, place and manner
as brand inspections are made excluding cattle and calves being
inspected when no change in ownership is involved. Fees
collected by the board shall be deposited with the state
treasurer to the credit of the account created by subsection (a)
of this section. Monies received by the council under this
subsection shall be used to administer this act.
(c) The council shall at the end of each month reimburse
the livestock board for collection and administrative costs
incurred by the board in collecting the fee under subsection (b)
of this section. The amount reimbursed shall equal three percent
(3%) of the fees collected during the month and shall be
deposited with the state treasurer to the credit of the board's
inspection account created by subsection (a) of this section.