Vermont Statutes Title 6 Sec. 2674
Terms Used In Vermont Statutes Title 6 Sec. 2674
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- following: when used by way of reference to a section of the law shall mean the next preceding or following section. See
- handler: is a person, firm, unincorporated association, or corporation engaged in the business of buying, selling, assembling, packaging, or processing milk or other dairy products for sale within the State of Vermont or outside the State. See
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Month: shall mean a calendar month and "year" shall mean a calendar year and be equivalent to the expression "year of our Lord. See
- Secretary: means Secretary of Agriculture, Food and Markets or his or her authorized agent. See
- sworn: shall include affirmed. See
§ 2674. Records and reports — Handlers
(a) On or before March 1 of each year, all handlers shall send the Secretary a full and accurate report of the amount of business done during the preceding year, together with such other statistical information as the Secretary may require. Failure to file requested information shall be grounds for suspension of license. If the handler purchases milk from a Vermont farm, a cooperative representing a Vermont farm, or a marketing service owned by a cooperative, the handler, in addition to any other information required by the Secretary, shall provide the following information:
(1) the source or sources of milk purchased by the handler and the monthly quantity purchased for each of the past 12 months;
(2) a sworn balance sheet showing assets and liabilities and a profit and loss statement as of the end of the handler’s preceding fiscal year and such other information regarding its financial condition as the Secretary may require; and
(3) a statement as to when all Vermont producers will be paid in part and in full, provided that payment shall be made as agreed upon but not later than the 25th day of the following month.
(b) A milk handler that is licensed under this chapter and that withdraws more than 57,600 gallons of groundwater per day averaged over any 30-consecutive-day period shall annually report estimated water use to the Secretary of Agriculture, Food and Markets. The Secretary of Agriculture, Food and Markets shall share information reported under this section with the Agency of Natural Resources. (Added 1965, No. 175, § 21; amended 2003, No. 42, § 2, eff. May 27, 2003; 2007, No. 199 (Adj. Sess.), § 7, eff. June 9, 2008; 2013, No. 159 (Adj. Sess.), § 5.)