185C.24 - CANCELLATION AND SUSPENSION. - Iowa Statutes

185C.24 CANCELLATION AND SUSPENSION. 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. 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.          Section History: Early Form [C77, 79, 81, § 185C.24]          Section History: Recent Form 89 Acts, ch 198, §12 Referred to in § 185C.8, 185C.15