7 CFR 1216.54 - Operating reserve.

Regulations last checked for updates: Feb 13, 2026

Title 7 - Agriculture last revised: Jul 29, 2026

View all text of Subpart A [§ 1216.1 - § 1216.88]

§ 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.

authority: 7 U.S.C. 7411-7425 and 7 U.S.C. 7401.

source: 64 FR 20105, Apr. 23, 1999, unless otherwise noted.

cite as: 7 CFR 1216.54