7 CFR 985.156
§ 985.156 Transfer of excess oil by producers.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 985.156, § 985.156 Transfer of excess oil by producers, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/22483
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Full text
(a) Pursuant to § 985.56(a), before December 1 of each marketing year, a producer, following notification of the Committee, may transfer excess oil to another producer to enable that producer to fill a deficiency in that producer's annual allotment.
(b) Pursuant to § 985.56(b), before December 1 of each marketing year, excess oil not used to fill another producer's deficiency shall be delivered to the Committee or its designees for storage.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.