Code of Federal Regulations (Last Updated: October 10, 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 1064 - MILK IN THE GREATER KANSAS CITY MARKETING AREA |
Subpart A - Order Regulating Handling |
Payments for Milk |
§ 1064.70 - Producer-settlement fund.
Latest version.
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The market administrator shall establish and maintain a separate fund known as the “producer-settlement fund” into which he shall deposit all funds received pursuant to paragraph (a) of this section and out of which he shall make all payments required pursuant to paragraph (b) of this section.
(a) Payments made by handlers pursuant to §§ 1064.71, 1064.76, and 1064.77.
(b) Payments due handlers pursuant to §§ 1064.72 and 1064.77:
Provided, That payments due any handler shall be offset by payments due from such handler pursuant to §§ 1064.71, 1064.76, 1064.77, 1064.85, and 1064.86.