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
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.