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§ 1221.114 Operating reserve.

7 CFR 1221.114

Citation7 CFR 1221.114
CorpusDaily eCFR
Displayed edition2026-09-09
Last updated2026-09-09

§ 1221.114 Operating reserve.

The Board may establish an operating monetary reserve and may carry over to subsequent fiscal period excess funds in a reserve so established, provided that funds in the reserve shall not exceed one fiscal period's anticipated expenses.