N.Y. Comp. Codes R. & Regs. tit. 1 § 22.60

Current through Register Vol. 46, No. 45, November 2, 2024

Section 22.60 - Time and rate of payment to producers and cooperative associations

Each dealer who is not a cooperative association shall make payment to each producer or cooperative as follows:

(a) On or before the 15th day of each month to each cooperative which has arranged to make the reports and payments with respect to the milk of producers delivered or moved to a dealer the second preceding month, at not less than the applicable price for class I milk pursuant to section 22.42 of this Part.

(b) On or before the 15th day of each month to each cooperative which does not report pursuant to section 22.20 of this Part but collects payment with respect to the milk of producers delivered to the dealer's pool plant in the second preceding month, at not less than the over-order rate computed pursuant to section 22.51 of this Part.

(c) On or before the 20th day of each month, to each producer at not less than the over-order rate computed pursuant to section 22.51 of this Part for his deliveries of pool milk to the dealer during the second preceding month for which payment is not made by such dealer to a cooperative pursuant to subdivision (a) or (b) of this section.

N.Y. Comp. Codes R. & Regs. Tit. 1 § 22.60