Ga. Comp. R. & Regs. 606-1-.09

Current through Rules and Regulations filed through October 17, 2024
Rule 606-1-.09 - Method of Finance
(1) Projects, undertakings and expenses incurred under this Order shall be financed by an assessment and levy of one-half (1/2¢) per bushel on all soybeans produced by producers in this state and sold. The assessment and levy shall be against the producer of soybeans. Upon the approval of the requisite number of affected producers and effective as of September 1, 1971 an annual levy and assessment of one-half (1/2¢) per bushel on all soybeans produced by producers in this state and sold is hereby made. Such levy and assessment shall continue of force and effect until this Order is suspended or superseded as provided by law and during the time this Order remains of force and effect.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 funds under the levy and assessment herein provided, the Commission shall be authorized to borrow money and hypothecate anticipated collections as authorized under section 17, (e) of the "Georgia Agricultural Commodities Promotion Act,".

Ga. Comp. R. & Regs. R. 606-1-.09

Ga. L. 1969, p. 763 as amended.

Administrative Original Rule entitled "Method of Finance" was filed on September 9, 1971; effective September 29, 1971.