- A. The Corn Board shall have charge of the management and expenditure of the Virginia Corn Fund established in the state treasury.
- B. The Corn Board may expend funds to provide for programs of market development, education, publicity, research, and the promotion of the sale and use of corn; to manage the funds so as to accumulate a reserve for contingencies; to establish an office and employ such technical, professional, and other assistants as may be required; and to contract for market development, publicity, research, advertising, and other promotional services.
- C. The Corn Board may establish an executive committee and charge it with such powers, duties, and functions as is deemed proper.
- D. The Corn Board may enter into an agreement with the Federal Commodity Credit Corporation to collect the specified assessment on all corn pledged as collateral for a commodity credit corporation price support loan or purchase by the Federal Commodity Credit Corporation under its loan or purchase programs.
- E. The chairman of the Corn Board shall make an annual report to the Corn Board, including a statement of the total receipts and disbursements for the year, and shall file a copy of the report with the Commissioner.
1980, c. 395, § 3.1-1043; 1985, c. 448; 1987, c. 476; 2008, c. 860.