7 CFR 1207.344
§ 1207.344 Operating reserve.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 1207.344, § 1207.344 Operating reserve, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/24016
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Full text
The Board may establish an operating monetary reserve and may carry over to subsequent fiscal periods excess funds in a reserve so established: Provided, That funds in the reserve shall not exceed approximately two fiscal periods' expenses. Such reserve funds may be used to defray any expenses authorized under this part.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.