All contracts for the purchase of supplies or equipment by the commission for any purpose whatever shall be made only after competitive sealed bids have been received. History. — Ga. L. 1959, p. 83, § 7. 210 2-4-9 2-4-6. Seed Development Commission — Operation on nonprofit basis. It is the intent and purpose of the General Assembly that the commission shall be operated on a nonprofit basis. Any and all profits earned, beyond those required as a reasonable reserve for the future operations of the commission, shall be transmitted to the state treasury. History. — Ga. L. 1959, p. 83, § 9. 2-4-7. Advisory board created; members; function.