The objectives of Tobolar shall be:

(1) to assume responsibility for the management, operation, and maintenance of all aspects of copra processing for the Republic of Marshall Islands;

(2) to perform in a manner that will best meet the social, economic, and political needs of the people of the Republic of Marshall Islands for copra processing and to do so as efficiently and economically as practicable;

(3) to assure a continuing market for copra from the Republic of Marshall Islands and an economically productive commodity upon which its economy can rely; and

(4) to encourage and enlist private sector participation in Tobolar.

The functions of Tobolar under this Chapter are to plan, establish, manage, operate, and maintain all aspects of copra processing services for the Republic of Marshall Islands consistent with the objectives