§985.52. Issuance of volume regulation.
7 C.F.R. § 985.52
Whenever the Secretary finds, on the basis of the Committee's recommendation or other information, that limiting the total quantity of a class of oil of any crop that handlers may purchase from or handle on behalf of producers during a marketing year, would tend to effectuate the declared policy of the act, the Secretary shall establish the salable quantity for that oil.
When an allotment percentage for a class of oil is established for any marketing year, no handler shall purchase from or handle on behalf of producers any oil of that class during such year unless:
It is, at the time of handling, within the unused portion of a producer's annual allotment, and
Such handler notifies the Committee of the handling in such manner as it may prescribe.
Notes, amendments, and revision history
Authority
Authority: 7 U.S.C. 601-674.
Source
Source: 45 FR 25040, Apr. 14, 1980, unless otherwise noted.