(1) The board is established for the purposes of:
(a) assisting the trust in providing economic aid to the tobacco growers and tobacco quota holders within the State in a manner consistent with provisions of the trust agreement executed by the State for the trust such as:
- (i) identifying the tobacco growers and tobacco quota holders of the State that shall receive a payment from the trust;
- (ii) determining the respective amount of payment the eligible tobacco farmer and tobacco quota holder shall receive; and
- (iii) submitting this information to the trustees of the trust;
- (b) carrying out any other responsibilities that assist the trust agreement and are consistent with state law and the purposes of this article.
- (2) The board has the power to do any and all lawful acts that may be necessary for the furtherance and accomplishments of the purposes of this board.
HISTORY: 1999 Act No. 77, Section 1, eff June 11, 1999.