[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: 7CFR982.62]

[Page 531-532]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER IX--AGRICULTURAL MARKETING SERVICE (Marketing Agreements and 
      Orders; Fruits, Vegetables, Nuts), DEPARTMENT OF AGRICULTURE
 
PART 982_HAZELNUTS GROWN IN OREGON AND WASHINGTON--Table of Contents
 
                    Subpart_Order Regulating Handling
 
Sec.  982.62  Accounting.

    (a) Operating reserve. The Board with the approval of the Secretary 
may establish and maintain an operating monetary reserve in an amount 
not to exceed approximately one marketing year's operational expenses or 
such lower limits as the Board with the approval of the Secretary may 
establish.
    (b) Refunds. At the end of a marketing year funds in excess of the 
marketing year's expenses and reserve requirements shall be refunded to 
handlers from whom collected and each handler's share of such excess 
funds shall be the amount of assessments the handler paid in excess of 
the handler's pro rata share of expenses of the Board. However, excess 
funds may be maintained and used by the Board until December 1 following 
the end of any such marketing year: Provided, That the Board shall 
refund to each handler upon request, or credit to the handler's account 
with the Board, the handler's share of such excess prior to January 1.
    (c) Termination. Upon termination of this subpart any money 
remaining unexpended in possession of the Board shall be distributed in 
such manner as

[[Page 532]]

the Secretary may direct: Provided, That to the extent practical, such 
funds shall be returned pro rata to the persons from whom such funds 
were collected.

[24 FR 6185, Aug. 1, 1959, as amended at 46 FR 26040, May 11, 1981]