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§ 1216.54 Operating reserve.

7 CFR 1216.54

Citation7 CFR 1216.54
CorpusDaily eCFR
Displayed edition2026-09-25
Last updated2026-09-25

§ 1216.54 Operating reserve.

The Board shall establish an operating monetary reserve and may carry over to subsequent fiscal years excess funds in a reserve so established; Provided, that funds in the reserve shall not exceed any fiscal year's anticipated expenses.