247.4475 Assessment to be levied and collected by agency conducting referendum.
177 words·~1 min read·
/ky/chapter-247/247-4475A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)If, in the referendum called under the provisions of KRS 247.4451 to 247.4483, a
majority of the producers eligible to participate and voting therein, shall vote in the
affirmative and in favor of the levying and collection of the assessment proposed in
the referendum on the agricultural commodity, then the assessment shall be
collected in the manner determined and announced by the agency conducting the
referendum.
(2)Any agricultural cooperative association organized under KRS Chapter 272 or
272A, any foreign agricultural cooperative association, or any foreign limited
cooperative association that has received a certificate of authority to conduct
business in the Commonwealth in the same manner as a domestic agricultural
cooperative association, on application to an approval by the Commissioner, may by
an alternate procedure, not in conflict with the purposes of KRS 247.4451 to
247.4483, handle the collection and disbursement of the assessments of its
members. The purchaser of the agricultural commodity of the members of the
association shall be relieved of the collecting and reporting requirements of KRS
247.4477 with respect to the members.