Pennsylvania SB689 amends the Milk Marketing Law to redefine premiums, establish a Milk Marketing Fund, and mandate audits.

Pennsylvania SB689 amends the Milk Marketing Law to redefine "board-established premium" as a fee set by the Pennsylvania Milk Board based on cost of production, price received, and return on equity. The bill establishes a Milk Marketing Fund to collect moneys from license fees, penalties, and permits, which are then distributed to producers, dealers, or handlers. The bill also mandates that moneys distributed under certain conditions be subject to audits by the board or its designee, with the first audit occurring within six months of the first distribution and annually thereafter.

Pennsylvania SB689 amends the Milk Marketing Law to redefine premiums, establish a Milk Marketing Fund, and mandate audits.

Pennsylvania SB689 amends the Milk Marketing Law to redefine "board-established premium" as a fee set by the Pennsylvania Milk Board based on cost of production, price received, and return on equity. The bill establishes a Milk Marketing Fund to collect moneys from license fees, penalties, and permits, which are then distributed to producers, dealers, or handlers. The bill also mandates that moneys distributed under certain conditions be subject to audits by the board or its designee, with the first audit occurring within six months of the first distribution and annually thereafter.