§1216.54. Operating reserve.
7 C.F.R. § 1216.54
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.
Notes, amendments, and revision history
Source
Source: 64 FR 41256, July 29, 1999, unless otherwise noted.
Authority
Authority: 7 U.S.C. 7411-7425 and 7 U.S.C. 7401.
Source
Source: 64 FR 20105, Apr. 23, 1999, unless otherwise noted.