[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: 7CFR985]

[Page 580]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER IX--AGRICULTURAL MARKETING SERVICE (Marketing Agreements and 
      Orders; Fruits, Vegetables, Nuts), DEPARTMENT OF AGRICULTURE
 
PART 985_MARKETING ORDER REGULATING THE HANDLING OF SPEARMINT OIL 
 
                    Subpart_Order Regulating Handling
 
Sec.  985.42  Accounting.

    (a) Excess funds. At the end of a marketing year, funds in excess of 
the year's expenses may be placed in an operating reserve not to exceed 
approximately one marketing year's 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.  985.40. Funds in 
excess of those placed in the operating reserve shall be refunded to 
handlers: Provided, That any sum paid by a first handler in excess of 
that handler's pro rata share of the expenses during any marketing year 
may be applied by the Committee at the end of such marketing year to any 
outstanding obligations due the Committee from such person. Each 
handler's share of such excess funds shall be the amount of assessments 
paid in excess of that handler's pro rata share.
    (b) Disposition of funds upon termination of order. Upon termination 
of this part, any funds not required to defray the necessary expenses of 
liquidation shall be disposed of in such manner as the Secretary may 
determine to be appropriate: Provided, That to the extent practicable, 
such funds will be returned pro rata to the first handler from whom such 
funds were collected.

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