                                 CODE OF VIRGINIA

ESTABLISHING PRICES GENERALLY (§ 3.2-3208)

The Commission, after a public hearing and investigation, may establish the
prices to be paid producers or associations of producers by distributors in any
market, may fix the minimum and maximum wholesale and maximum retail prices to
be charged for milk in any market, and may also establish different prices for
different grades or classes of milk. The Commission may set different maximum
retail prices for the same grade or class of milk on the basis of different
methods of distribution. In determining the reasonableness of prices to be paid
or charged in any market for any grade, quantity, or class of milk, the
Commission shall be guided by all pertinent economic factors relevant to
production, processing, and distribution of milk as they affect the public
interest in maintaining an adequate supply of milk within the Commonwealth,
including compliance with all sanitary regulations in force in such market,
necessary operation, processing, storage, and delivery charges, the prices of
other foods, and the welfare of the general public. The Commission may adopt a
formula incorporating these economic factors that will adjust automatically the
prices to be paid producers or associations of producers by distributors in any
market, and then provide for the automatic adjustment of resale prices according
to the result obtained by the use of this formula. Public hearings shall not be
required for price adjustments obtained by use of a formula, but shall be held
for adoption or amendment of the formula itself.

HISTORY: Code 1950, § 3-359; 1966, c. 702, § 3.1-437; 1974, c. 467; 2008, c.
860.