Code of Federal Regulations Title 7. Agriculture § 7.929.142 Reserve

(a) It is necessary and appropriate to establish and maintain a reserve in an amount not to exceed approximately one fiscal period's operational expenses to be used in accordance with the provisions of § 929.42 of the marketing agreement and this part, and

(b) Assessments collected for each of the fiscal periods ended July 31, 1963;  July 31, 1965;  July 31, 1966;  and July 31, 1967, were in excess of expenses for such periods. The committee is hereby authorized to place excess funds in said reserve.