| | | established in subchapter 5. The department may establish payment | | procedures for licenses under section 10851; a license may not be | | issued until full payment is received. |
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| | | 8.__Moose hunting permit revenues.__All revenues derived from | | the sale of moose hunting permits under section 11154, subsection | | 11, including all bidding fees, must be deposited into a special | | nonlapsing account within the department, and that account must | | be used to pay the costs of administering the process of issuing | | permits and to fund youth conservation education programs. |
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| | | 9.__Certain revenues; moose hunting research and management. | | Up to $25,000 may be provided from the revenues generated by | | application and permit fees to carry out the department's | | documented moose research. |
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| | | 10.__Pheasant hunting permit revenues.__Revenues generated | | from the sale of pheasant hunting permits must be deposited into | | a separate account within the department, to be known as the | | Pheasant Fund and referred to in this subsection as the "fund."__ | | The fund is nonlapsing.__The fund may be used only for costs | | directly related to the administration of the pheasant program, | | including grants to a qualified rod and gun club or qualified | | hunting-oriented organization to help defray the costs of | | purchasing and raising pheasants in accordance with an agreement | | with the commissioner entered into in accordance with section | | 10108, subsection 9. |
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| | | §10251. Lifetime License Fund; establishment; management |
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| | | 1.__Fund established.__The Lifetime License Fund, referred to | | in this section as the "fund," is established in the department | | to accept all revenue derived from the sale of lifetime hunting | | and fishing licenses under section 10851.__The Treasurer of State | | shall administer the fund and shall invest the fund, subject to | | the limitations of this section, for growth and income in a | | manner consistent with the Treasurer of State's fiduciary | | responsibilities.__Money in the fund may not be expended for any | | purpose except as provided in this section. |
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| | | 2.__Treasurer of State.__The Treasurer of State shall contract | | with investment firms as necessary to manage the fund; may agree | | to the payment of reasonable management fees to those |
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