FREC Not Threatened

When we spoke in last week's Items of Interest about the ag funds being swept again, including the Fertilizer Control Fund, several members called to ask if the Fertilizer Research & Education Fund would be swept as well.  According to the Director of Agriculture, the answer is no.  The fund sweeps allow the Comptroller to sweep "unused" funds at that moment in time, with the provision that the Department can request the money back when disbursements must be made.  FREC funds would not be part of the fertilizer control funds subject to sweeps.  The industry thanks Director Jennings for helping protect the industry's research and education funds.