185.29  Remission of excess funds.

After the board has paid the costs of elections, referendum, necessary board expenses and administrative costs, at least seventy-five percent of the remaining moneys collected, deposited in the fund, and transferred to the board as provided in this chapter, shall be expended by the board for market development activities, including developing and expanding new markets for soybeans and soybean products worldwide. The moneys shall only be used for research, promotion, and education in cooperation with qualified agencies.

Section History: Early form

  [C73, 75, 77, 79, 81, § 185.29]

Section History: Recent form

  94 Acts, ch 1146, §29


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