7 CFR 1216.54

§ 1216.54 Operating reserve.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 1216.54, § 1216.54 Operating reserve, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/24438
Permanent ID: ys:prov:24438@1
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Full text

The Board shall establish an operating monetary reserve and may carry over to subsequent fiscal years excess funds in a reserve so established; Provided, that funds in the reserve shall not exceed any fiscal year's anticipated expenses.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.