View all text of Chapter 113 [§ 8701 - § 8717]
§ 8705. Assessments
(a) Assessments
(b) Collection
(1) In general
(2) Timing
(3) Records
(c) Assessment rates
With respect to assessment rates, the order shall contain the following terms:
(1) Initial rate
(2) Changes in the rate
(A) Authority to change rate
(B) Limitation on increases
(C) Maximum rate
(D) Limitation on frequency of changes
(d) Late-payment and interest charges
(1) In general
(2) Rate
(e) Investment of assessments
Pending disbursement of assessments under a budget approved by the Secretary, the Board may invest assessments collected under this section in—
(1) obligations of the United States or any agency of the United States;
(2) general obligations of any State or any political subdivision of a State;
(3) interest-bearing accounts or certificates of deposit of financial institutions that are members of the Federal Reserve System; or
(4) obligations fully guaranteed as to principal and interest by the United States.
(f) Assessment funds for regional initiatives
(1) In general
(2) Geographic regions
The order shall provide for the following geographic regions:
(A) Region I shall comprise Connecticut, Delaware, the District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, and West Virginia.
(B) Region II shall comprise Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia.
(C) Region III shall comprise Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin.
(D) Region IV shall comprise Arizona, Arkansas, Kansas, Louisiana, Missouri, New Mexico, Oklahoma, and Texas.
(E) Region V shall comprise Alaska, California, Colorado, Hawaii, Idaho, Montana, Nevada, Oregon, Utah, Washington, and Wyoming.
(3) Adjustment of geographic regions
(Pub. L. 115–254, div. E, § 1306, Oct. 5, 2018, 132 Stat. 3478.)