                                 CODE OF VIRGINIA

POWERS AND DUTIES OF SOYBEAN BOARD (§ 3.2-2304)

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

B. 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.

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

D. 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.

E. 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.

HISTORY: 1970, c. 431, § 3.1-684.13; 1974, c. 297; 1978, c. 540; 1985, c. 448;
1987, c. 476; 2008, c. 860.