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Code of Federal Regulations (Last Updated: November 8, 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 XI - Agricultural Marketing Service (Marketing Agreements and Orders; Miscellaneous Commodities), Department of Agriculture |
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Part 1212 - Honey Packers and Importers Research, Promotion, Consumer Education and Industry Information Order |
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Subpart A - Honey Packers and Importers Research, Promotion, Consumer Education, and Industry Information Order |
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Expenses and Assessments |
§ 1212.54 - Operating reserve.
Latest version.
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§ 1212.54 Operating reserve.
The Board may establish an operating monetary reserve and may carry over to subsequent fiscal periods excess funds in any reserve so established: Provided that the funds in the reserve do not exceed one fiscal period's budget. Subject to approval by the Department, such reserve funds may be used to defray any expenses authorized under this part.