Relating to the powers and duties of the Iowa sheep and wool promotion board, by changing its name to the Iowa sheep promotion board, eliminating the assessment on wool, changing the assessment rate on sheep, and providing for the collection and expenditure of moneys imposed by the assessment

4).17)., a stockyard or market). Otherwise, the moneys are collected by the producer. In any case, the collected moneys are deposited into an account in a financial institution under the board’s control.11).13B). BILL’S PROVISIONS —— ELIMINATION OF WOOL. The bill changes the board’s name to the Iowa sheep promotion board. A producer is limited to a person in the business of producing and selling sheep.13B). The renamed board may establish a system that provides for electronic funds transfer by a first purchaser, at a concentration point, outside the concentration point, or outside the state. Moneys from the assessment must be used to support increasing markets, education, and research involving sheep and sheep products which includes an item derived from a live or slaughtered sheep, including but not limited to bones, milk, manure, mutton or lamb, sheepskin, or wool. BILL’S PROVISIONS —— TRANSITION PROVISIONS. The bill does not affect the terms of members of the former Iowa sheep and wool promotion board who will continue to serve as members of the Iowa sheep promotion board until the expiration of the member’s term. The per-head assessment rate of cents is implemented without a referendum. The assessment rate takes effect on September 1, 2025, unless the board elects an earlier effective date by resolution. Until then, the assessment rate is the same as prior to the effective date of the bill.4).