7 USC 7445 - Assessments

U.S Code last checked for updates: Nov 26, 2024

§ 7445.

Assessments

(a)

In general

(1)

First purchasers

During the effective period of an order issued pursuant to this subchapter, assessments shall be—

(A)

levied on all canola or rapeseed produced in the United States and marketed; and

(B)

deducted from the payment made to a producer for all canola or rapeseed sold to a first purchaser.

(2)

Direct processing

(b)

Limitation on assessments

(c)

Remitting of assessments

(1)

In general

(2)

Times to remit assessment

(d)

Assessment rate

(1)

Initial rate

(2)

Increase

The assessment rate may be increased on recommendation by the Board to a rate not exceeding 10 cents per hundredweight of canola or rapeseed produced and marketed in a State, unless—

(A)

after the initial referendum is held under section 7446(a) of this title, the Board recommends an increase above 10 cents per hundredweight; and

(B)

the increase is approved in a referendum under section 7446(b) of this title.

(3)

Credit

(e)

Late payment charge

(1)

In general

(2)

Amount of charge

(f)

Refund of assessments from escrow account

(1)

Establishment of escrow account

During the period beginning on the date on which an order is first issued under section 7443(b)(3) of this title and ending on the date on which a referendum is conducted under section 7446(a) of this title, the Board shall—

(A)

establish and maintain an escrow account to be used for assessment refunds; and

(B)

place funds in the account in accordance with paragraph (2).

(2)

Placement of funds in account

(3)

Right to receive refund

The Board shall refund to a producer the assessments paid by or on behalf of the producer if—

(A)

the producer is required to pay the assessment;

(B)

the producer does not support the program established under this subchapter; and

(C)

the producer demands the refund prior to the conduct of the referendum under section 7446(a) of this title.

(4)

Form of demand

(5)

Making of refund

(6)

Proration

If—

(A)

the amount in the escrow account required by paragraph (1) is not sufficient to refund the total amount of assessments demanded by eligible producers; and

(B)

the order is not approved pursuant to the referendum conducted under section 7446(a) of this title;

the Board shall prorate the amount of the refunds among all eligible producers who demand a refund.

(7)

Program approved

(Pub. L. 104–127, title V, § 536, Apr. 4, 1996, 110 Stat. 1056.)

cite as: 7 USC 7445