All proceeds of such leases shall be remitted to the state treasurer in accordance with the provisions of K.S.A. 75-4215, and amendments thereto. Upon receipt of each such remittance, the state treasurer shall deposit the entire amount in the state treasury to the credit of a fund for the use and benefit of the Kansas state university agricultural research center-Hays and the Fort Hays state university.

L. 1937, ch. 351, § 5; L. 1977, ch. 237, § 17; L. 1994, ch. 106, § 5; L. 2001, ch. 5, § 419; July 1.