185C.21 State assessment.
1. The board shall determine and set the state assessment rate. State assessments collected pursuant to the promotional order shall be paid into the corn promotion fund established in section 185C.26. Except as provided in subsection 2, a state assessment shall not exceed one-quarter of one cent per bushel upon corn marketed in this state.
2. Upon request of the board, the secretary shall call a special referendum for producers to vote on whether to authorize an increase in the state assessment above one-quarter of one cent per bushel, notwithstanding subsection 1. The special referendum shall be conducted as provided in this chapter for referendum elections. However, the special referendum shall not affect the existence or length of the promotional order in effect. If a majority of the producers voting in the special referendum approve the increase, the board may increase the assessment to the amount approved in the special referendum. The board shall establish the effective date of a rate change. However, a state assessment shall not exceed a scheduled maximum rate determined as follows:
a. Before September 1, 2014, one cent.
b. For each marketing year of the period beginning September 1, 2014, and ending August 31, 2019, two cents.
c. For each marketing year beginning on and after September 1, 2019, three cents.
[C77, 79, 81, §185C.21]
89 Acts, ch 198, §9; 94 Acts, ch 1146, §35; 98 Acts, ch 1030, §1; 2014 Acts, ch 1049, §1
Structure Iowa Code
Chapter 185C - CORN PROMOTION BOARD
Section 185C.2 - Petition for election.
Section 185C.3 - Establishment of corn promotion board.
Section 185C.5 - Notice of election.
Section 185C.6 - Number and election of directors.
Section 185C.7 - Terms of directors.
Section 185C.8 - Administration of elections for directors.
Section 185C.10 - Ex officio nonvoting members.
Section 185C.11 - Purposes and powers of the board.
Section 185C.11A - Financial assistance program.
Section 185C.13 - Powers and duties.
Section 185C.14 - Membership of board — compensation — meetings.
Section 185C.15 - Term of promotional order — automatic extension.
Section 185C.16 - Notice of referendum.
Section 185C.17 - Contents of notice.
Section 185C.20 - Producers only to vote.
Section 185C.21 - State assessment.
Section 185C.22 - State assessment on purchase invoice.
Section 185C.23 - Deduction of state assessment.
Section 185C.24 - Cancellation and suspension.
Section 185C.25 - Effective period of promotional order — termination.
Section 185C.25A - Collection of federal assessment.
Section 185C.26 - Deposit of moneys — corn promotion fund.
Section 185C.27 - Refund of assessment.
Section 185C.28 - Use of moneys — appropriation.
Section 185C.29 - Remission of excess funds.