7 Pa. Code § 143.15. Cooperative communication of over-order premium.

§ 143.15. Cooperative communication of over-order premium.

(a)  Cooperatives shall show by line item on their monthly statements to dairy farmers marketing milk through the cooperative the specific amount of the Pennsylvania Milk Marketing Board over-order premium being paid.
(b)  For the purpose of this section, ‘‘the specific amount of the Pennsylvania Milk Marketing Board over-order premium being paid’’ shall be calculated monthly by each cooperative by:
   (1)  deriving an over-order premium rate by dividing the total Pennsylvania over-order premium paid to the cooperative by the total cooperative Pennsylvania member pounds marketed,
   (2)  multiplying the rate derived in subsection (b) paragraph (1) by the Pennsylvania member pounds marketed.
(c)  The amount calculated in subsection (b) shall be expressed on dairy farmer monthly statements in cents/hundredweight. When the result of the calculation in subsection (b)(1) falls between cents, the rate reported to dairy farmers shall be rounded down to the lower cent.
(d)  If a cooperative is not paid an over-order premium during a month, the cooperative shall disclose on its monthly statement that no over-order premium was received.
(e)  Other than setting forth the calculation of value in subsection (b), nothing in this section shall require reduction or alteration of amounts, content or format of information about cooperative premium programs on the monthly statements to dairy farmers.

Authority

   The provisions of this §  143.15 added under sections 103, 301, 307 and 608 of the Milk Marketing Law (31 P.S. § §  700j-103, 700j-301, 700j-307 and 700j-608).

Source

   The provisions of this §  143.15 adopted May 28, 2021, effective 120 days after publication, 51 Pa.B. 2963.

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