185C.29  Remission of excess funds.
  1.  After the direct and indirect costs incurred by the secretary and the costs of elections, referendums, necessary board expenses, and administrative costs have been paid, at least seventy-five percent of the remaining moneys from a state assessment deposited in the corn promotion fund shall be used to carry out the purposes of the board as provided in section 185C.11.
  2.  The Iowa corn promotion board shall not expend any funds on political activity, and it shall be a condition of any allocation of funds that any organization receiving funds shall not expend the funds on political activity or on any attempt to influence legislation.
[C77, 79, 81, §185C.29]
89 Acts, ch 198, §18
; 2004 Acts, ch 1024, §7
; 2007 Acts, ch 126, §40
; 2011 Acts, ch 34, §38