Page:United States Statutes at Large Volume 104 Part 5.djvu/537

 PUBLIC LAW 101-624—NOV. 28, 1990 104 STAT. 3859 except that income from any such invested funds may only be used for any purpose for which the invested funds may be used. (d) PLANS AND BUDGETS. — (1) SUBMISSION TO SECRETARY.— The order shall provide that the Council shall submit to the Secretary for approval any plan or project of promotion, research, consumer information, or industry information. (2) BUDGETS.—The order shall require the Council to submit to the Secretary for approval budgets on a fiscal year basis of its anticipated expenses and disbursements in the implementation of the order, including projected costs of promotion, research, consumer information, and industry information plans and projects. (3) APPROVAL BY SECRETARY. —No plan or project of promotion, research, consumer information, or industry information, or budget, shall be implemented prior to its approval by the Secretary. (e) CONTRACTS AND AGREEMENTS. — (1) IN GENERAL. — To ensure efficient use of funds, the order shall provide that the Council may enter into contracts or agreements for the implementation and carrying out of plans or projects of mushroom promotion, research, consumer information, or industry information, including contracts with producer organizations, and for the payment of the cost thereof with funds received by the Council under the order. (2) REQUIREMENTS.—Any such contract or agreement shall provide that— (A) the contracting party shall develop sind submit to the Council a plan or project together with a budget or budgets that shall show estimated costs to be incurred for such plan or project; (B) the plan or project shall become effective on the approval of the Secretary; and (C) the contracting party shall keep accurate records of Records. all of its transactions, account for funds received and expended, make periodic reports to the Council of activities conducted, and make such other reports as the Council or the Secretary may require. (3) PRODUCER ORGANIZATIONS. — The order shall provide that the Council may contract with producer organizations for any other services. Any such contract shall include provisions comparable to those provided in subparagraphs (A), (B), and (C) of paragraph (2). (f) BOOKS AND RECORDS OF COUNCIL. — (1) IN GENERAL.— The order shall require the Council to— (A) maintain such books and records (which shall be available to the Secretary for inspection and audit) as the Secretary may prescribe; (B) prepare and submit to the Secretary, from time to Reports, time, such reports as the Secretary may prescribe; and (C) account for the receipt and disbursement of all funds entrusted to the Council. (2) AUDITS.— The Council shall cause its books and records to be audited by an independent auditor at the end of each fiscal year, and a report of such audit to be submitted to the Secretary. (g) ASSESSMENTS.—

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