1. (a) The IPPA shall pay all expenses incurred under this chapter with money from the assessments remitted to the IPPA under this chapter.
2. (b) The IPPA may invest all money the IPPA receives under this chapter, including gifts or grants that are given for the express purpose of implementing this chapter, in the same way allowed by law for public funds.
3. (c) The IPPA may expend money from assessments and from investment income not needed for expenses for promotion and research.
4. (d) The IPPA may not use money received, collected, or accrued under this chapter for any purpose other than the purposes authorized by this chapter. The amount of money expended on administering this chapter in the IPPA's fiscal year may not exceed an amount deemed reasonable by the IPPA to enable it to exercise its powers and perform its duties in accordance with this chapter, including the financing of certain plans and projects.
5. (e) The IPPA shall use eighty percent (80%) of the assessment funds collected under section 27 of this chapter to carry out the functions of the National Pork Board that is no longer operating.

As added by P.L.8-2026, SEC.2.