CFR > Title 7 - Agriculture > SUBTITLE B—Regulations of the Department of Agriculture > CHAPTER IX—AGRICULTURAL MARKETING SERVICE (Marketing Agreements and Orders; Fruits, Vegetables, Nuts), DEPARTMENT OF AGRICULTURE (parts 900 to 999) > PART 922—APRICOTS GROWN IN DESIGNATED COUNTIES IN WASHINGTON > SUBPART —Container Exemption; Waivers of Inspection and Certification (§922.110 to §922.142) > 922.142—Reserve fund.

922.142—Reserve fund.

(a) The establishment of a reserve fund of an amount not greater than approximately one fiscal year's operational expenses is appropriate and necessary to the maintenance and functioning of the Washington Apricot Marketing Committee. The committee is hereby authorized to carry forward in the aforesaid reserve $5,765.09 which are excess assessment funds from the fiscal period ended March 31, 1960, and $787.61 which are excess assessment funds from the fiscal period ended March 31, 1961. Such reserve shall be used in accordance with the provisions of § 922.42 of the said marketing agreement and order ( §§ 922.1 to 922.71).
(b) Terms used in this section shall have the same meaning as given to the respective term in said marketing agreement and order.

Code of Federal Regulations

[26 FR 8664, Sept. 16, 1961. Redesignated at 26 FR 12751, Dec. 30, 1961, and further redesignated as 44 FR 73010, Dec. 17, 1979]