Rule 149-1-.09 - Method of Finance(1) Projects, undertakings and expenses incurred under this Order shall be financed by an assessment and levy of one dollar ($1.00) per bale of all cotton produced in this State for sale. The assessment and levy shall be against the producer of cotton. (The Commission has the authority to lower this assessment but cannot raise the assessment above one dollar ($1.00 per bale.) Upon the approval of the requisite number of producers and effective as of August 1, 1965, a levy and assessment of one dollar ($1.00) per bale of cotton is hereby made. Such levy shall continue of force and effect until this Order is superseded as provided by law and during the time this Order remains of force and effect.(2) To the end that the Commission shall have such funds to defray expenses pending the collection of such funds under the levy and assessment herein provided, the Commission shall be authorized to borrow money and hypothecate anticipated collections as authorized under Section 16(d), Ga. Laws 1961, p.301 as amended.Ga. Comp. R. & Regs. R. 149-1-.09
Ga. L. 1961, p. 301 as amended.
Original Rule entitled "Method of Finance" was filed and effective on June 30, 1965.