Page:United States Statutes at Large Volume 104 Part 5.djvu/522

 104 STAT. 3844 PUBLIC LAW 101-624—NOV. 28, 1990 (c) POWERS AND DUTIES OF THE BOARD.— The plan shall define the powers and duties of the Board, which shall include the power and duty— (1) to administer the plan in accordance with its terms and conditions; (2) to make regulations to effectuate the terms and conditions of the plan; (3) to meet, organize, and select from among members of the Board a chairperson, other officers, and committees and subcommittees, as the Board determines appropriate; (4) to establish working committees of persons other than Board members; (5) to employ such persons, other than Board members, as the Board considers necessary and to determine the compensation and define the duties of such persons; (6) to prepare and submit for the approval of the Secretary, prior to the beginning of each fiscal period, a recommended rate of assessment under section 1912, and a fiscal period budget of the anticipated expenses in the administration of the plan, including the probable costs of all programs and projects; (7) to develop programs and projects, subject to subsection (d); (8) to enter into contracts or agreements, subject to subsection (e), to develop and carry out programs or projects of promotion, research, industry information and consumer information; (9) to carry out research, promotion, industry information, and consumer information, and to pay the costs of such projects with assessments collected pursuant to section 1912; (10) to keep minutes, books, and records that reflect the actions and transactions of the Board, and promptly report minutes of each Board meeting to the Secretary; (11) to appoint and convene, from time to time, working committees comprised of growers, grower-shellers, first handlers, shellers, importers, and the public to assist in the development of research, promotion, industry information, and consumer information programs for pecans; (12) to invest, pending disbursement under a program or project, funds collected through assessments authorized under this subtitle, only in— (A) obligations of the United States or any agency thereof; (B) general obligations of any State or any political subdivision thereof; (C) any interest-bearing account or certificate of deposit of a bank that is a member of the Federal Reserve System; or (D) obligations fully guaranteed as to principal and interest by the United States; except that income from any such invested funds may be used for any purpose for which the invested funds may be used; (13) to receive, investigate, and report to the Secretary complaints of violations of the plan; (14) to furnish the Secretary with such information as the Secretary may request; (15) to recommend to the Secretary gmiendments to the plan; and (16) to develop and recommend to the Secretary for approval such regulations as may be necessary for the development and

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