Tennessee Code 43-20-212 – Use of funds – Prohibited use of funds – Minutes

(a) The board shall expend the proceeds of the assessment solely to finance a program of research, education, market development, marketing, advertising and other methods designed to promote the increased consumption, production, use and sale of soybean and soybean products. The board may accept gifts and grants, and shall invest its idle funds.

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Tennessee Code 43-20-212

Board: means the Tennessee soybean promotion board established by §. See Tennessee Code 43-20-203
Commissioner: means the commissioner of agriculture. See Tennessee Code 43-20-203
State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105

(b) The board shall not expend its funds in any manner for political purposes, or to influence any rule-making process, either state or federal. The board shall submit the minutes of all meetings and an annual detailed financial statement to the commissioner, the clerk of the house of representatives, the clerk of the senate and the state library and archives. The annual report shall include, but not be limited to, a list of all grantees of funds and a status report of all grants, indicating utilization of grant funds in compliance with this section.

Previous section

Next section

Part 2 Contents

LawServer

Tennessee Code 43-20-212 – Use of funds – Prohibited use of funds – Minutes – Reports

Terms Used In Tennessee Code 43-20-212

Delius & McKenzie, PLLC

Rocky McElhaney Law Firm

Lowery Lowery & Cherry