(1) The Oregon Watershed Enhancement Board may expend moneys from the Oregon Agricultural Heritage Fund to:
(a) Carry out the programs described in ORS 541.984;
(b) Pay reimbursements and staff support expenses associated with the activities of the Oregon Agricultural Heritage Commission established under ORS 541.986;
(c) Provide succession planning programs with funding recommended by the commission under ORS 541.989; and
(d) Pay the administrative expenses of the board for carrying out ORS 541.977 to 541.989.
(2) The amount paid from the fund during a biennium for reimbursements and expenses described in subsection (1)(b) and (d) of this section may not exceed 12 percent of the moneys credited to the fund during that biennium.