126.46 Contributing milk contractors; fund assessments.
134 words·~1 min read·
/wi/chapter-126/126-46A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
126.46 Contributing milk contractors; fund assessments.
(1)General. A contributing milk contractor shall pay an annual fund assessment for each license year, including an assessment for deferred payment contracts entered into under s. 126.485 , in the amount specified by the department by rule.
(5m)Reduced assessment for certain milk contractors filing security. If a contributing milk contractor files security under s. 126.47
(b), the contributing milk contractor’s fund assessment is the amount specified under sub.
(1)reduced by an amount determined as follows:
(a)Divide the amount of security that the milk contractor is required to file under s. 126.47
(b)by the amount of the milk contractor’s estimated default exposure.
(b)Multiply the amount specified under sub.
(1)by the amount determined under par.
(a).
(6)Quarterly installments.