Sec. 1306. ASSESSMENTS
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## SEC. 1306 ASSESSMENTS **[**[15 U.S.C. 8705](/us/usc/t15/s8705)**]** ###
(a)Assessments The order shall provide that assessments shall be paid by a manufacturer if the manufacturer has manufactured concrete masonry products during a period of at least 180 days prior to the date the assessment is to be remitted. ###
(b)Collection ####
(1)In general Assessments required under the order shall be remitted by the manufacturer to the Board in the manner prescribed by the order. ####
(2)Timing The order shall provide that assessments required under the order shall be remitted to the Board not less frequently than quarterly. ####
(3)Records As part of the remittance of assessments, manufacturers shall identify the total amount due in assessments on all sales receipts, invoices or other commercial documents of sale as a result of the sale of concrete masonry units in a manner as prescribed by the Board to ensure compliance with the order. ###
(c)Assessment Rates With respect to assessment rates, the order shall contain the following terms: ####
(1)Initial rate The assessment rate on concrete masonry products shall be $0.01 per concrete masonry unit sold. ####
(2)Changes in the rate #####
(A)Authority to change rate The Board shall have the authority to change the assessment rate. A two-thirds majority of voting members of the Board shall be required to approve a change in the assessment rate. #####
(B)Limitation on increases An increase or decrease in the assessment rate with respect to concrete masonry products may not exceed $0.01 per concrete masonry unit sold. #####
(C)Maximum rate The assessment rate shall not be in excess of $0.05 per concrete masonry unit. #####
(D)Limitation on frequency of changes The assessment rate may not be increased or decreased more than once annually. ###
(d)Late-Payment and Interest Charges ####
(1)In general Late-payment and interest charges may be levied on each person subject to the order who fails to remit an assessment in accordance with subsection (b). ####
(2)Rate The rate for late-payment and interest charges shall be specified by the Secretary. ###
(e)Investment of Assessments Pending disbursement of assessments under a budget approved by the Secretary, the Board may invest assessments collected under this section in— ####
(1)obligations of the United States or any agency of the United States; ####
(2)general obligations of any State or any political subdivision of a State; ####
(3)interest-bearing accounts or certificates of deposit of financial institutions that are members of the Federal Reserve System; or ####
(4)obligations fully guaranteed as to principal and interest by the United States. ###
(f)Assessment Funds for Regional Initiatives ####
(1)In general The order shall provide that not less than 50 percent of the assessments (less administration expenses) paid by a manufacturer shall be used to support research, education, and promotion programs and projects in support of the geographic region of the manufacturer. ####
(2)Geographic regions The order shall provide for the following geographic regions: #####
(A)Region I shall comprise Connecticut, Delaware, the District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, and West Virginia. #####
(B)Region II shall comprise Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia. #####
(C)Region III shall comprise Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. #####
(D)Region IV shall comprise Arizona, Arkansas, Kansas, Louisiana, Missouri, New Mexico, Oklahoma, and Texas. #####
(E)Region V shall comprise Alaska, California, Colorado, Hawaii, Idaho, Montana, Nevada, Oregon, Utah, Washington, and Wyoming. ####
(3)Adjustment of geographic regions The order shall provide that the Secretary may, upon recommendation of the Board, modify the composition of the geographic regions described in paragraph (2).
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