7 CFR 1221.114 - Operating reserve.

Regulations last checked for updates: May 19, 2024

Title 7 - Agriculture last revised: Nov 16, 2024

View all text of Subpart A [§ 1221.1 - § 1221.138]

§ 1221.114 - Operating reserve.

The Board may establish an operating monetary reserve and may carry over to subsequent fiscal period excess funds in a reserve so established, provided that funds in the reserve shall not exceed one fiscal period's anticipated expenses.

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

source: 73 FR 25407, May 6, 2008, unless otherwise noted.

cite as: 7 CFR 1221.114