If the director issues a notice pursuant to Section 62582, the director may again qualify shipments to the handler if any of the following occur:
(a) The handler has corrected the deficiency upon which the notice was originally issued and has done all of the following:
(1) Paid all amounts owed to producers, including interest, provided for in Chapter 1 (commencing with Section 61301) or Chapter 2 (commencing with Section 61801). Producers are not entitled to receive interest on amounts for which they have been paid by the fund after the date of payment by the fund.
(2) Reimbursed the fund for any payments made by the fund due to a default by the handler plus interest at the rate of 12 percent per annum from the date of payment by the fund.
(3) Paid any amount owed to the pool equalization fund.
(4) Paid any assessments, penalties, or other amounts owed under federal, state, or local laws.
(b) Four years have elapsed since the date of the default in payment.
(Amended by Stats. 1987, Ch. 1074, Sec. 39. Effective September 24, 1987.)
Last modified: October 25, 2018