32.24.514    PROCEDURES FOR POOLING OF RETURNS FROM POOL MILK

(1) On or before the 13th day of the month, the bureau will provide notice to each pool handler of:

(a) the minimum prices to be paid to pool producers for quota and excess milk received in the preceding month;

(b) the minimum amount owed by each pool handler to each pool producer for milk received in the preceding month, net of audit adjustments or any other adjustments prescribed by the bureau, but before addition of premiums and authorized deductions by the pool handler;

(c) the purchase price for pool milk sold between pool plants pursuant to ARM 32.24.524;

(d) the total amount each pool handler owes pool producers;

(e) the total amount of each pool handler's utilization value for pool milk received or marketed in the preceding month, net of adjustments for sales of surplus milk described in ARM 32.24.523 and transportation charges for shipments of unprocessed pool milk between pool plants pursuant to ARM 32.24.524; and

(f) the net amount that each pool handler owes the pool settlement fund. The net amount that each pool handler owes the pool settlement fund is the amount in (e) less the amount in (d) plus audit adjustments or any other adjustments prescribed by the bureau.

(2) For any pool handler, if the amount calculated in (1)(f) is a negative number, the bureau will pay the pool handler that amount from the pool settlement fund within two business days of the written notice required by (1) or as soon as funds are available if the balance of the pool settlement fund is insufficient.

(3) For any pool handler, if the amount calculated in (1)(f) is a positive number, the pool handler must pay that amount to the bureau by the 25th of the month. The bureau will deposit the amount into the pool settlement fund.

(4) The amounts calculated for (1)(f) of pool handlers affiliated by common ownership may be combined for purposes of determining payments in (2) and (3).

History: 81-23-302, MCA; IMP, 81-23-302, MCA; NEW, 1990 MAR p. 931, Eff. 6/1/90; AMD, 1990 MAR p. 2110, Eff. 11/30/90; AMD, 1993 MAR p. 3018, Eff. 12/24/93; TRANS, from Commerce, 1996 MAR p. 456; AMD, 2017 MAR p. 1151, Eff. 8/1/17; AMD, 2022 MAR p. 240, Eff. 3/1/22.