Page:United States Statutes at Large Volume 108 Part 5.djvu/731

 PUBLIC LAW 103-407—OCT. 22, 1994 108 STAT. 4221 (A) IN GENERAL.—The order shall provide that assessments received by the Board shall be used by the Board for the payment of expenses incurred in administering the order, with authorization for a reasonable reserve. (B) REIMBURSEMENT OF SECRETARY. —The Secretary shall be reimbursed for costs incurred in implementing and administering the order. (j) BOOKS AND RECORDS OF BOARD.— (1) IN GENERAL.— The order shall require the Board to— (A) maintain such books and records as the Secretary may prescribe, which shall be available to the Secretary for inspection and audit; (B) prepare and submit to the Secretary, from time to time, such reports as the Secretary may prescribe; and (C) account for the receipt and disbursement of all funds entrusted to the Board. (2) AUDIT. —The Board shall cause books and records of the Board related to the order to be audited by an independent auditor at the end of each fiscal year. The Board shall submit Reports, a report of the audit to the Secretary. (k) INVESTMENT OF FUNDS.— (1) IN GENERAL.— The order shall provide that the Board may invest, pending disbursement, funds the Board receives under the oroer, only in— (A) obligations of the United States or any agency of the United States; (B) general obligations of any State or any political subdivision of a State; (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. (2) USE OF INCOME.—Income from any investment under paragraph (1) may be used for any purpose, for which the invested funds may be used. (1) PROfflBiTioN ON USE OF FUNDS.— (1) IN GENERAL. — Ylxcept as provided in paragraph (2), the order shall prohibit any funds collected by the Board under the order from being used in any manner for the purpose of influencing legislation or government action or policy. (2) EXCEPTIONS. —Paragraph (1) shall not apply to— (A) t^e development and recommendation to the Secretary of eunendments to the order; or (B) the communication to appropriate government officials, in response to a request made by the officials, of information relating to the conduct, implementation, or results of promotion, research, consumer information, education, industry information, or producer information activities under the order. (3) FALSE OR MISLEADING CLAIMS. —A plan or project conducted under this Act shall not make false or misleading claims on behalf of sheep or sheep products or against a competing product. (m) BOOKS AND RECORDS.— (1) IN GENERAL. —The order shall require that each person making payment to a producer, feeder, or handler for sheep

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