If the statutory authority to establish the minimum price, by order based on a formula, is repealed on June 30, 1998, the minimum price of class I milk in the Honolulu milk shed, based on milk with a butterfat content of 3.3 per cent, shall be established at $23.20 per hundredweight of milk, effective July 1, 1998. If the authority to establish the minimum price of class I milk in the Honolulu milk shed, by order based on a formula, is not repealed on June 30, 1998, the board or the manager shall continue to establish the minimum price by order based on the formula in subsection (e).
The minimum price for class I milk shall be increased by fourteen cents per hundredweight for each .1 per cent of butterfat above 3.3 per cent or shall be decreased by fourteen cents per hundredweight for each. 1 per cent of butterfat below 3.3 per cent. The minimum price for class I skim milk utilized in filled milk is established at the class I price less fourteen cents per hundredweight for each .1 per cent of butterfat up to 3.3 per cent to allow for the required usage of any fat or oil other than butterfat. The cost of butterfat shall be on a formula basis determined by the branch and distributor or producer-distributor. The formula shall be predicated upon the monthly average price of imported butterfat delivered to the processing plant, less reasonable costs incurred by the distributor or the producer-distributor, and shall be purchased by the processor at the established butterfat cost. A minimum class I fresh skim milk price shall be paid for all milk produced over and above the class I milk utilized in all other class I products and shall be allocated pro rata to all quota holders up to their monthly quotas. A distributor or producer-distributor may utilize class I skim milk produced in excess of the total monthly quotas provided that it is paid for at the above established price.
The minimum price per hundredweight of class I milk in the Honolulu milk shed equals the California price plus $12.20.
Haw. Code R. § 4-60-9