Terms and conditions of grants

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. (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 .