La. Admin. Code tit. 7 § XXXVI-105

Current through Register Vol. 50, No. 9, September 20, 2024

Section XXXVI-105 - Administration of the Agricultural Industry Board

A. Officers: Titles and Functions

1. The officers of the board shall be a chairman and a vice-chairman. The chairman shall be the commissioner of agriculture. The vice-chairman shall be elected for a one year term.

2. In the absence of the chairman at any meeting of the board, the vice-chairman shall preside.

B. Meetings

1. The board shall hold at least one regular meeting during each quarter of the year, but may meet more frequently upon the call of the chairman or upon the written request of any three members.

2. Meetings of the board shall normally be held in its domicile, but may be held at other locations upon the determination of the chairman or the will of the board.

3. The quorum of the board is five members.

4. An affirmative vote of a majority of the members present shall be required for the adoption of any motion except that all motions to call an adjudicatory hearing, to terminate existing certified market participant contracts, to impose civil penalty, or to revoke the designation of a certified market participant shall require a minimum of six affirmative votes for adoption.

5. There shall be no voting by proxy.

C. Director: Duties and Responsibilities

1. The director shall provide clerical and other support services as may be required by the board and shall maintain and distribute appropriate records of the board.

2. The director shall draft and submit to the board all reporting forms required by the Act or the regulations.

D. Confidentiality of Financial Information. No member of the board or the staff shall disclose and confidential financial information of a certified market participant confidential business plan presented by any certified market participant or applicant for certified market participant designation unless such records or documents are presented to an adjudicatory hearing or unless he acts pursuant to a court order. This provision does not limit or prohibit the commissioner from compiling, publishing and distributing any such information if that data or information does not identify specific certified market participants therewith.

La. Admin. Code tit. 7, § XXXVI-105

Promulgated by the Department of Agriculture and Forestry, Office of Management and Finance, Agricultural Industry Board, LR 12:504 (August 1986).

AUTHORITY NOTE: Promulgated in accordance with R.S. 3:3704.