Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 7 - Agriculture |
Subtitle B - Regulations of the Department of Agriculture |
Chapter X - Agricultural Marketing Service (Marketing Agreements and Orders; Milk), Department of Agriculture |
Part 1049 - MILK IN THE INDIANA MARKETING AREA |
Subpart A - Order Regulating Handling |
Payments for Milk |
§ 1049.70 - Producer-settlement fund.
Latest version.
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The market administrator shall maintain a separate fund known as the “producer-settlement fund” into which he shall deposit all payments received pursuant to §§ 1049.71, 1049.76, 1049.77 and 1049.78 and out of which he shall make all payments pursuant to §§ 1049.72 and 1049.77:
Provided, That a payment due a handler shall be offset against payments due the market administrator from such handler pursuant to §§ 1049.71, 1049.76, 1049.77, 1049.78, 1049.85 and 1049.86.