An Act amending the act of April 28, 1937 (P.L.417, No.105), known as the Milk Marketing Law, in purpose, short title and definitions, further providing for definitions and construction; in general powers of the board, providing for collection of premiums; in prices of milk, providing for board-established premiums and further providing for cooperatives; and, in moneys and expenses of board, further providing for Milk Marketing Fund and for payment and providing for audits.

SB 689 amends Pennsylvania's Milk Marketing Law to establish a new "board-established premium" fee on Class 1 fluid milk, directly affecting dairy producers and milk dealers through pricing changes. The bill allows the Pennsylvania Milk Board to set these premiums based on cost of production, price received, and return on equity, with a requirement for legislative review by the Agriculture Committees. If committees fail to disapprove within 30 days (or six session days), the premium is deemed approved. The law also modifies how premiums are collected (via the Department of Revenue), distributed, and exempt from standard administrative review processes, while updating cooperative marketing rules.