[Code of Federal Regulations]
[Title 7, Volume 8]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR946.42]

[Page 356-357]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER IX--AGRICULTURAL MARKETING SERVICE (Marketing Agreements and 
      Orders; Fruits, Vegetables, Nuts), DEPARTMENT OF AGRICULTURE
 
PART 946_IRISH POTATOES GROWN IN WASHINGTON--Table of Contents
 
                    Subpart_Order Regulating Handling
 
Sec.  946.42  Accounting.

    (a) Excess funds. At the end of a fiscal period, funds in excess of 
the year's expenses shall be placed in an operating reserve not to 
exceed approximately two fiscal periods' operational expenses or such 
lower limits as the committee, with the approval of the Secretary, may 
establish. Funds in such reserve shall be available for use by the 
committee for expenses authorized pursuant to Sec.  946.40. Funds in 
excess of those placed in the operating reserve shall be refunded to 
handlers. Each handler's share of such excess shall be the amount of 
assessments he paid in excess of his pro rata share of the actual 
expenses of the committee and the addition, if any, to the operating 
reserve.
    (b) Accounting of funds upon termination of order. Any money 
collected as assessments pursuant to this subpart and remaining 
unexpended in the possession of the committee after termination of this 
part shall be distributed in such manner as the Secretary may direct: 
Provided, That to the extent practical, such funds shall be returned

[[Page 357]]

pro rata to the persons from whom such funds were collected.

[37 FR 10917, June 1, 1972]