Iowa Code 185C.24 – Cancellation and suspension
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1. The board shall be suspended and board operations and terms of members shall cease upon either of the following events:
a. The state assessment is terminated pursuant to section 185C.25.
b. The state assessment is suspended pursuant to section 185C.25A.
Terms Used In Iowa Code 185C.24
- Assessment: means a state or federal assessment. See Iowa Code 185C.1
- Board: means the Iowa corn promotion board established by this chapter. See Iowa Code 185C.1
- Corn: means and includes all kinds of varieties of corn marketed or sold as corn by the producer but shall not include sweet corn or popcorn or seed corn. See Iowa Code 185C.1
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- Fund: means the grain depositors and sellers indemnity fund created in section 203D. See Iowa Code 203D.1
- Payment: means the actual payment or tender of payment by a grain dealer to a seller of the agreed purchase price, or in the case of disputes as to sales of grain, the undisputed portion of the purchase price without reduction for any separate claim of the grain dealer against the seller. See Iowa Code 203.8
- Promotional order: means an order pursuant to this chapter which provides for the administration of this chapter and provides for a state assessment necessary to provide for its administration. See Iowa Code 185C.1
- Secretary: means the secretary of agriculture. See Iowa Code 185C.1
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
- State assessment: means a state excise tax on each bushel of corn marketed in this state which is imposed as part of a promotional order to administer this chapter. See Iowa Code 185C.1
2. However, notwithstanding subsection 1, the board shall continue to operate until proceeds remaining in the corn promotion fund are disbursed. Disbursement shall be made as provided for payment of moneys under section 185C.26.
3. The secretary shall order that the board be reconstituted upon either of the following events:
a. Recommencement of the promotional order, pursuant to section 185C.25.
b. Termination of the promotional order’s suspension, pursuant to section 185C.25A.
4. Until the board is reconstituted under section 185C.8, the secretary has the powers to perform the duties of the board as provided in this chapter, including the collection of the state assessment at the rate in effect on the date when collection of the state assessment was terminated pursuant to section 185C.25. However, the secretary shall not expend funds from state assessment.