247.652 Credit of up to fifty cents to producer on each bovine animal on which one

167 words·~1 min read·/ky/247-652

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

dollar assessment was made -- Assessment to be collected if federal assessment

is terminated.

(1)Notwithstanding the provisions of KRS 247.610 to 247.685, in accordance with the

Federal Beef Promotion and Research Act of 1985, each Kentucky producer of a

bovine animal shall receive a credit of up to fifty cents ($0.50) on each bovine

animal on which a one dollar ($1) assessment was made under the terms of the

federal act. Each fifty cent ($0.50) credit received by the producer shall be retained

by the association certified under KRS 247.610 to 247.685 and shall be used by the

association for the purposes provided in KRS 247.610 to 247.685.

(2)In the event the one dollar ($1) assessment provided by the federal act is terminated

or suspended, that assessment on each Kentucky producer of a bovine animal shall

continue to be collected, shall be retained by the association certified under KRS

247.610 to 247.685, and shall be used for the purposes provided in KRS 247.610 to

247.685.