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  • PART I ADMINISTRATION OF THE GOVERNMENT
  • TITLE II EXECUTIVE AND ADMINISTRATIVE OFFICERS
    OF THE COMMONWEALTH
  • CHAPTER 10 DEPARTMENT OF THE STATE TREASURER
  • Section 48 Milk Producers Security Fund

[ First paragraph effective until March 30, 2014. For text effective March 30, 2014, see below.]

  Section 48. There shall be established upon the books of the commonwealth a separate fund to be known as the Milk Producers Security Fund, consisting of revenues received under the provisions of section twenty of chapter twenty, and all other monies credited or transferred thereto from any other fund or source pursuant to law.

[ First paragraph as amended by 2013, 191, Sec. 1 effective March 30, 2014. For text effective until March 30, 2014, see above.]

  There shall be established upon the books of the commonwealth a separate fund to be known as the Milk Producers Security Fund, consisting of revenues received under the provisions of section 13B of chapter 128, and all other monies credited or transferred thereto from any other fund or source pursuant to law.

[ Second paragraph effective until March 30, 2014. For text effective March 30, 2014, see below.]

  The state treasurer shall receive, deposit, and invest all monies transmitted to him under the provisions of said section twenty in such manner that will insure the highest interest rate available consistent with safety of the fund and with the requirement that all deposits be available for immediate withdrawal for payment to milk producers upon receipt of notice, certified by the commissioner of food and agriculture, that these amounts are due them.

[ Second paragraph as amended by 2013, 191, Sec. 2 effective March 30, 2014. For text effective until March 30, 2014, see above.]

  The state treasurer shall receive, deposit, and invest all monies transmitted to him under the provisions of said section 13B in such manner that will insure the highest interest rate available consistent with safety of the fund and with the requirement that all deposits be available for immediate withdrawal for payment to milk producers upon receipt of notice, certified by the commissioner of food and agriculture, that these amounts are due them.