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.
K.S.A. 76-518