15E.108  Purposes and powers.

1.  The purposes of the Iowa export trading company are to assist agricultural exporters, expand existing markets, and develop new markets through, but not limited to, direct contracts with foreign governments or their agencies, specialty-type deliveries, and countertrade options. Specialty-type deliveries include small deliveries of grains or other agricultural products to countries with inadequate storage capacities or high quality grain deliveries through reduced blending.

2.  The Iowa export trading company has the powers necessary to fulfill the purposes of this division and those provided in chapter 490 and the Export Trading Company Act of 1982, Pub. L. No. 97-290 which are not inconsistent with or limited by this division.

Section History: Recent form

  85 Acts, ch 252, §50

  CS85, § 28.108

  90 Acts, ch 1205, §3

  C93, § 15E.108

Internal References

  Referred to in § 15.108


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