7 CFR 1150.151
§ 1150.151 Expenses.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 1150.151, § 1150.151 Expenses, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/23667
- Permanent ID
ys:prov:23667@1- SHA-256
0323be8ae7b38edc0c2f8af1c8ae9ae205841023c6a294cac64dabff8b47b126
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) The Board is authorized to incur such expenses (including provision for a reasonable reserve) as the Secretary finds are reasonable and likely to be incurred by the Board for its maintenance and functioning and to enable it to exercise its powers and perform its duties in accordance with the provisions of this subpart. However, after the first full year of operation of the order, administrative expenses incurred by the Board shall not exceed 5 percent of the projected revenue of that fiscal year. Such expenses shall be paid from assessments collected pursuant to § 1150.152.
(b) The Board shall reimburse the Secretary, from assessments collected pursuant to § 1150.152, for administrative costs incurred by the Department after May 1, 1984.
(c) The Board is authorized to expend up to the amount of the assessments collected from United States producers to promote dairy products produced in the United States in foreign markets.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.