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Code of Federal Regulations (Last Updated: May 6, 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 1216 - Peanut Promotion, Research, and Information Order |
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Subpart A - Peanut Promotion, Research, and Information Order |
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Expenses and Assessments |
§ 1216.54 - Operating reserve.
Latest version.
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§ 1216.54 Operating reserve.
The Board shall establish an operating monetary reserve and may carry over to subsequent fiscal years excess funds in a reserve so established; Provided, that funds in the reserve shall not exceed any fiscal year's anticipated expenses.