Wisconsin Statutes Trade Regulations (Ch. 125 to 139) § 126.46. Contributing milk contractors; fund assessments

(a) Divide the amount of security that the milk contractor is required to file under s. 126.47(3)(b) by the amount of the milk contractor's estimated default exposure.

(b) Multiply the amount specified under sub. (1) by the amount determined under par. (a).

(6) Quarterly installments. (a) A contributing milk contractor shall pay the milk contractor's annual fund assessment in equal quarterly installments that are due as follows:

(b) A contributing milk contractor may prepay any of the quarterly installments under par. (a).

(c) A contributing milk contractor who applies for an annual license after the beginning of a license year shall pay the full annual fund assessment required under this section. The milk contractor shall pay, with the first quarterly installment that becomes due after the day on which the department issues the license, all of the quarterly installments for that license year that were due before that day.

(d) If s. 126.45(1)(b) requires a licensed milk contractor to become a contributing milk contractor during the license year, the milk contractor shall pay only those quarterly installments that become due after the requirement takes effect.

(e) A contributing milk contractor who fails to pay the full amount of any quarterly installment when due shall pay, in addition to that installment, a late payment penalty of $50 or 10 percent of the overdue installment amount, whichever is greater.

(a) The amount of the milk contractor's annual fund assessment under this section.

(b) The amount of each required quarterly installment under sub. (6) and the date by which the milk contractor must pay each installment.

(c) The penalty that applies under sub. (6)(e) if the milk contractor fails to pay any quarterly installment when due.