The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
001
:
NORTHEAST INTERSTATE COMPACT FOR DAIRY PRICING
(Cite as: 6 V.S.A. § 1818)
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§ 1818. Finance of start-up and regular costs
(a) To provide for its start-up costs, the Commission may borrow money pursuant to its
general power under section 1806 of this compact, subdivision (d)(4). In order to
finance the costs of administration and enforcement of this compact, including payback
of start-up costs, the Commission is hereby empowered to collect an assessment from
each handler who purchases milk from producers within the region. If imposed, this
assessment shall be collected on a monthly basis for up to one year from the date
the Commission convenes, in an amount not to exceed one-tenth of one percent of the
applicable federal market order blend price per hundredweight of milk purchased from
producers during the period of the assessment. The initial assessment may apply to
the projected purchases of handlers for the two-month period following the date the
Commission convenes. In addition, if regulations establishing an over-order price
or a compact marketing order are adopted, they may include an assessment for the specific
purpose of their administration. These regulations shall provide for establishment
of a reserve for the Commission’s ongoing operating expenses.
(b) The Commission shall not pledge the credit of any participating state or of the United
States. Notes issued by the Commission and all other financial obligations incurred
by it, shall be its sole responsibility and no participating state or the United States
shall be liable therefor. (Added 1993, No. 57, § 1, eff. June 3, 1993.)