Authorities of the Board

To develop and oversee the Reserve, the Board shall— (1) issue such rules, regulations, and orders as the Board considers necessary, with consideration of the recommendations of the study under section 4(a); (2) acquire, by purchase, lease, condemnation, or otherwise, land or interests in land for the location of storage and related facilities; (3) construct, purchase, lease, or otherwise acquire storage and related facilities for fertilizer product inputs; (4) use, lease, maintain, sell, or otherwise dispose of land or interests in land, or of storage and related facilities, under such terms and conditions as the Board considers necessary and appropriate; (5) execute any contracts necessary to develop, operate, or maintain the Reserve, including contracts for storage, transportation, blending, packaging, and related services; (6) ensure that all storage, handling, and transportation activities associated with the Reserve comply with applicable Federal, State, and local laws governing safety, health, labor, and the environment; and (7) take such other actions as are necessary and proper to carry out this Act.