As Amended
SEC. 69-9-6. Collection of assessment under Soybean Promotion, Research and Consumer Information Act; disposition of funds collected.
(1) The Department of Agriculture and Commerce is authorized to collect the assessment created by the Soybean Promotion, Research and Consumer Information Act administered by the United States Department of Agriculture on behalf of the Mississippi Soybean Promotion Board.
(2) The department shall monthly pay over to the Mississippi Soybean Promotion Fund for the preceding months, as established in Section 69-9-5, all funds collected under the provisions of this section on or before the twentieth day of each month. The State Fiscal Officer is authorized to issue warrants for the payment of monies from the proceeds of this fund upon requisition by the Mississippi Commissioner of Agriculture and Commerce, or his designee, in accordance with federal statutes governing this section.
(3) The Mississippi Department of Agriculture and Commerce shall submit to the Soybean Promotion Board a budget detailing and justifying the administrative costs of the department in administering the provisions of this chapter, and such budget must be approved by the Soybean Promotion Board by April 1 of each year. The department is further authorized to retain an amount not to exceed three and one-half percent (3- 1 /2 %) of the funds collected under the provisions of this section as administrative fees. The amount retained by the department must be approved by the Soybean Promotion Board by July 1 of each year. This amount may be retained from any funds collected on behalf of the Soybean Promotion Board, including those collected under the provisions of Section 69-9-5.
SOURCES: Laws, 1991, ch. 607 Sec. 1, eff from and after passage (approved April 15, 1991). Laws, 1992, ch. 510, Sec. 2, eff from and after July 1, 1992.