---
kind: "section"
citation: "7 C.F.R. § 1221.114"
title: "7"
number: "1221.114"
heading: "Operating reserve."
url: "https://uscodex.org/cfr/7/1221.114"
---

# §1221.114. Operating reserve.


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.


## Notes

### Authority

Authority: 7 U.S.C. 7411-7425 and 7 U.S.C. 7401.

### Source

Source: 73 FR 25407, May 6, 2008, unless otherwise noted.