DIGEST OF INTRODUCED BILL
Corn checkoffs. Makes changes to the corn marketing law, including: (1) changing definitions; (2) changing the duration of time the corn marketing council has to take action; (3) allowing the council to use funds in the corn marketing account regardless of the balance of the account (currently, funds may be spent only if there is a balance in excess of $500,000); and (4) changing the per bushel assessment from $0.005 to 0.5% of the net market price. Makes conforming changes. Provides that producers must apply for refunds within 180 days instead of 60 days. Provides that 30% of the money collected by the corn marketing council from July 1, 2008, to June 30, 2011, must be distributed to the Indiana economic development corporation to be used for ethanol development.