54-17.7-11. Pipeline authority administrative fund - Continuing appropriation

54-17.7-11. Pipeline authority administrative fund - Continuing appropriation There is created a pipeline authority administrative fund. 1. Revenue to the fund must include: a. Moneys received from the state's oil and gas research council administrative budget. b. Moneys received from any federal agency for the purpose of this section. c. Moneys donated to the pipeline authority for the purposes of this section. d. Moneys received from the state's oil and gas impact fund. e. Such other moneys as may be deposited in the fund for use in carrying out the purposes of the authority. 2. This fund must be maintained as a special fund and all moneys transferred into the fund are appropriated on a continuing basis and must be used and disbursed solely for the purpose of defraying the administrative costs incurred by the pipeline authority. 3. Utilizing funds from the oil and gas research fund, the industrial commission shall contract for or hire staffing necessary to effectively administer the pipeline authority.