The Board shall have the following powers:

To receive and evaluate, or on its own initiative develop, and budget for plans or projects to promote the use of fluid milk and dairy products as well as projects for research and nutrition education and to make recommendations to the Secretary regarding such proposals;

To administer the provisions of this subpart in accordance with its terms and provisions;

To make rules and regulations to effectuate the terms and provisions of this subpart;

To receive, investigate, and report to the Secretary complaints of violations of the provisions of this subpart;

To disseminate information to producers, producer organizations, importers, and importer organizations through programs or by direct contact utilizing the public postage system or other systems;

To select committees and subcommittees of Board members, and to adopt such rules for the conduct of its business as it may deem advisable;

To establish advisory committees of persons other than Board members and pay the necessary and reasonable expenses and fees of the members of such committees;

To recommend to the Secretary amendments to this subpart; and

With the approval of the Secretary, to invest, pending disbursement pursuant to a plan or project, funds collected through assessments authorized under § 1150.152 in, and only in, obligations of the United States or any agency thereof, in general obligations of any State or any political subdivision thereof, in any interest-bearing account or certificate of deposit of a bank that is a member of the Federal Reserve System, or in obligations fully guaranteed as to principal and interest by the United States.