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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 7 - Agriculture |
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Subtitle B - Regulations of the Department of Agriculture |
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Chapter X - Agricultural Marketing Service (Marketing Agreements and Orders; Milk), Department of Agriculture |
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Part 1138 - MILK IN THE NEW MEXICO-WEST TEXAS MARKETING AREA |
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Subpart A - Order Regulating Handling |
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Payments for Milk |
§ 1138.70 - 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 payments made by handlers pursuant to § § 1138.71, 1138.76 and 1138.77 and from which he shall make all payments pursuant to § § 1138.72 and 1138.77, except that payments to a cooperative association pursuant to § 1138.72 shall be offset by any payments due from such cooperative association pursuant to § 1138.71 that have not been received by the market administrator.