Duties.

CFR · 2024-01-01 · US · Title 7

The Board shall have the following duties: (a) To meet not less than three times annually, or more often if required for the Board to carry out its responsibilities pursuant to this subpart. (b) To organize and select from among its members a chairperson, vice chairperson, a treasurer and such other officers as may be necessary. (c) To appoint from its members an executive committee and to delegate to the committee authority to administer the terms and provisions of this subpart under the direction of the Board and within the policies determined by the Board. (d) To employ or contract for such persons to perform administrative functions as it may deem necessary and define the duties and determine the compensation of each. (e) To develop and submit to the Secretary for approval, promotion, research, consumer information, and industry information plans or projects. (f) To prepare, and submit to the Secretary for approval, budgets on a fiscal period basis of its anticipated expenses and disbursements in the administration of this subpart, including probable costs of promotion, research, consumer information, and industry information plans or projects, and also including a description of the proposed promotion, research, consumer information, and industry information programs contemplated therein. (g) To maintain such books and records, which shall be available to the Secretary for inspection and audit, and to prepare and submit such reports from time to time to the Secretary, as

official document · source cfr-2024 · id 7:§ 1220.212