247.670 Notice as to deduction required -- Disposition of collections -- Records.

238 words·~1 min read·/ky/chapter-247/247-670

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

(1)In the event a majority of the eligible producers in such referendum who vote

therein shall vote in favor of the assessment, then the Commissioner shall notify

forthwith, by certified mail, every person licensed to operate a livestock market in

the state, as well as every person who operates a meat packing or slaughter

establishment which buys bovine animals directly from the producer and every

order buyer, that on and after the date designated in the notice, which shall be not

less than thirty

(30)days nor more than sixty

(60)days after the mailing of the

notice by the Commissioner, the amount of the assessment shall be deducted by all

such sales markets or purchasers of bovine animals, or by their agents or

representatives, from the purchase price paid the seller of bovine animals.

(2)On or before the fifteenth day of each month all assessments deducted shall be

remitted to the association certified by the assessment referendum, less three

percent (3%) which may be retained to compensate the stockyard operator, meat

packer, order buyer, or slaughter establishment operator for the expense of

collecting and remitting the assessment.

(3)The books and records of all stockyard operators, meat packers, order buyers, and

slaughter establishment operators shall at all times during regular business hours be

open for inspection by the Commissioner or his duly authorized agents for the

purpose of ascertaining the accuracy of the amounts remitted.