7 CFR 1221.114

§ 1221.114 Operating reserve.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 1221.114, § 1221.114 Operating reserve, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/24837
Permanent ID: ys:prov:24837@1
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Full text

The Board may establish an operating monetary reserve and may carry over to subsequent fiscal period excess funds in a reserve so established, provided that funds in the reserve shall not exceed one fiscal period'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.