---
kind: "section"
citation: "7 C.F.R. § 1216.54"
title: "7"
number: "1216.54"
heading: "Operating reserve."
url: "https://uscodex.org/cfr/7/1216.54"
---

# §1216.54. Operating reserve.


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

### 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.