Issuance of volume regulation.

CFR · 2024-01-01 · US · Title 7

(a) 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. (b) 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: (1) It is, at the time of handling, within the unused portion of a producer's annual allotment, and (2) Such handler notifies the Committee of the handling in such manner as it may prescribe.

official document · source cfr-2024 · id 7:§ 985.52