Source: http://www4.law.cornell.edu/uscode/text/7/2907?quicktabs_8=0
Timestamp: 2013-12-11 11:26:45
Document Index: 230594938

Matched Legal Cases: ['§ 2907', '§ 2907', '§ 2907', '§ 8', '§ 1601', 'art 1260']

7 USC § 2907 - Refunds | Title 7 - Agriculture | U.S. Code | LII / Legal Information Institute
USC › Title 7 › Chapter 62 › § 2907	prevnext
7 USC § 2907 - Refunds
Establishment of escrow account During the period prior to the approval of the continuation of an order pursuant to the referendum required under section 2906
(a) of this title, subject to subsection (f) of this section, the Board shall—
establish an escrow account to be used for assessment refunds;
place funds in such account in accordance with subsection (b) of this section; and
refund assessments to persons in accordance with this section.
Funding escrow account Subject to subsection (f) of this section, the Board shall place in such account, from assessments collected under section 2906 of this title during the period referred to in subsection (a) of this section, an amount equal to the product obtained by multiplying—
the total amount of assessments collected under section 2906 of this title during such period; by
the average rate of assessment refunds provided to producers under State beef promotion, research, and consumer information programs financed through producer assessments, as determined by the Board; or
Demand and receipt of one-time refund Subject to subsections (d), (e), and (f) of this section and notwithstanding any other provision of this chapter,
any person shall have the right to demand and receive from the Board a one-time refund of all assessments collected under section 2906 of this title from such person during the period referred to in subsection (a) of this section if such person—
is responsible for paying such assessment; and
does not support the program established under this chapter.
Form and time period for demand for one-time refund Such demand shall be made in accordance with regulations, on a form, and within a time period prescribed by the Board.
Submission of proof for one-time refund Such refund shall be made on submission of proof satisfactory to the Board that the producer, person, or importer—
paid the assessment for which refund is sought; and
did not collect such assessment from another producer, person, or importer.
Insufficiency of funds in escrow account; proration of funds among eligible persons (1)
If the amount in the escrow account required to be established by subsection (a) of this section is not sufficient to refund the total amount of assessments demanded by all eligible persons under this section and the continuation of an order is approved pursuant to the referendum required under section 2906
of this title, the Board shall—
continue to place in such account, from assessments collected under section 2904 of this title, the amount required under subsection (b) of this section, until such time as the Board is able to comply with subparagraph (B); and
provide to all eligible persons the total amount of assessments demanded by all eligible producers.
If the amount in the escrow account required to be established by subsection (a) of this section is not sufficient to refund the total amount of assessments demanded by all eligible persons under this section and the continuation of an order is not approved pursuant to the referendum required under section 2906
(a) of this title, the Board shall prorate the amount of such refunds among all eligible persons who demand such refund.
(Pub. L. 94–294, § 8,May 28, 1976, 90 Stat. 532; Pub. L. 99–198, title XVI, § 1601(b),Dec. 23, 1985, 99 Stat. 1604.)
This chapter, referred to in provisions preceding par. 1 of subsec. (c), was in the original “this subtitle”, and was translated as reading “this Act” to reflect the probable intent of Congress.
Section 2906
(a) of this title, referred to in subsec. (f)(1), was in the original a reference to section 10(a) ofPub. L. 94–294, section 2909
(a) of this title, and was translated as section 2906
(a) of this title as the probable intent of Congress, in view of section 2909 of this title not containing a subsec. (a) and the subject matter of section 2906
(a) which relates to a referendum.
1985—Pub. L. 99–198amended section generally, substituting provisions relating to refunds for provisions relating to required terms and conditions in orders.
Amendment by Pub. L. 99–198effective Jan. 1, 1986, see section 1601(c) ofPub. L. 99–198, set out as a note under section 2901 of this title.
This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.7 CFR - Agriculture7 CFR Part 1260 - BEEF PROMOTION AND RESEARCH