Engrossed House Bill (H)

Authored by

DIGEST

Grain buyers and warehouse licensing. Adds and amends various definitions for purposes of the grain buyers and warehouse licensing laws. Amends notice that is required on contracts for the purchase of grain from producers. Allows the director of the grain buyers and warehouse licensing agency (agency) to designate an administrative law judge to act for the director in the administration of the licensing laws. Allows the director of the agency (director) to issue subpoenas and orders to compel production of records. Allows the agency to send license renewal applications electronically. Requires certain applicants to designate a registered agent. Requires the Grain buyers and warehouse licensing. Adds and amends various definitions for purposes of the grain buyers and warehouse licensing laws. Amends notice that is required on contracts for the purchase of grain from producers. Allows the director of the grain buyers and warehouse licensing agency (agency) to designate an administrative law judge to act for the director in the administration of the licensing laws. Allows the director of the agency (director) to issue subpoenas and orders to compel production of records. Allows the agency to send license renewal applications electronically. Requires certain applicants to designate a registered agent. Requires the director to provide certain information regarding a licensee who: (1) poses a significant risk of failure; or (2) fails to meet certain minimum asset requirements to the grain indemnity board (board) without including identifying information concerning the licensee to the board. Allows the director to use the services of the state board of accounts or another entity to assist the agency in investigating audit results. Allows the director's designated representative to perform certain functions of the director. Allows certain claimants that are subject to court proceedings one year to file a claim. Specifies that producers who have not requested and received a refund from the program after June 30, 2015, are participants in the grain indemnity program. Changes the future coverage period from 12 months to 15 months. Requires the director to inform the grain indemnity corporation of certain notices and orders issued and actions taken against licensees. Requires the director to consider certain claims due to depositors for a specified period of time. Adds and amends definitions for purposes of the grain indemnity laws. Adds the use of supplemental consulting services to the administrative expense account and limits the agency's use of money in the administrative expense account to certain statutory uses. Specifies when claims may be considered. Requires the grain indemnity board to develop certain educational information for producers. Allows partial payments to claimants who are not appealing while appeals are pending. ... View more