7712183.2-2304Virginia Decodedhttps://vacode.org2016Agriculture, Animal Care, And FoodBoards, Councils, Foundations, And CommissionsCommodity BoardsSoybean BoardPowers and duties of Soybean Board1970, c. 431, § 3.1-684.13; 1974, c. 297; 1978, c. 540; 1985, c. 448; 1987, c. 476; 2008, c. 860.http://law.lis.virginia.gov/vacode/3.2-2304//3.2-2304/3.2/II/B/23/3.2-2304

The Soybean Board shall have charge of the management and expenditure of the Virginia Soybean Fund established in the state treasury.section

A

AA1

The Soybean Board may expend funds to provide for programs of research, education, publicity, and the promotion of the sale and use of soybeans; 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 research, publicity, advertising, and other promotional services.section

B

BB1

The Soybean Board may establish an executive committee and charge it with powers, duties, and functions as is deemed proper.section

C

CC1

The Soybean Board may enter into an agreement with the Federal Commodity Credit Corporation to collect the specified assessment on all soybeans pledged as collateral for a commodity credit corporation price support loan or purchase by the Federal Commodity Credit Corporation under its loan or purchase program.section

D

DD1

The chairman of the Soybean Board shall make an annual report to the Soybean Board including a statement of the total receipts and disbursements for the year, and shall file a copy of such report with the Commissioner.section

E

EE1