The council may promulgate rules pursuant to chapter 1-26 concerning: (1) The procedures for obtaining a declaratory ruling; (2) The procedures for assessments collected for soybeans grown or sold to a first purchaser; (3) The procedures for obtaining a refund of the assessment; (4) The procedures for collecting delinquent assessments and assessing penalties; (5) The record - keeping and reporting requirements of first purchasers; and (6) The requirements governing grants and loans made pursuant to § 38-29-7 , including eligibility requirements and requirements for application, awards, and administration. Source: SL 1986, ch 326 , § 59; SL 1995, ch 233 , § 2.