22-5120. SEED INDEMNITY FUND. (1) There is hereby established, within the dedicated account, a fund to be known as the seed indemnity fund. The seed indemnity fund shall consist of assessments remitted pursuant to the provisions of this chapter and any interest or earnings on the fund balance.
(2) All assessments shall be paid to the department and shall be deposited in the seed indemnity fund. Assessments shall be paid solely by or on behalf of producers who transfer or deposit for storage a seed crop with a seed buyer. The state treasurer shall be the custodian of the seed indemnity fund. Disbursements shall be authorized by the director. No appropriation is required for disbursements from this fund.
(3) The seed indemnity fund shall be used exclusively for paying valid claims as authorized by this chapter and the necessary fees and expenses of the department in carrying out its responsibilities under this chapter. If necessary a portion of the fund may be used to defray the cost of reinsuring the fund at the discretion of the director. The state of Idaho shall not be liable for any claims presented against the fund.
History:
[22-5120, added 2002, ch. 256, sec. 1, p. 743.]
Structure Idaho Code
Title 22 - AGRICULTURE AND HORTICULTURE
Chapter 51 - SEED INDEMNITY FUND LAW
Section 22-5101 - SHORT TITLE OF ACT.
Section 22-5102 - DEFINITIONS.
Section 22-5104 - BONDS — IRREVOCABLE LETTERS OF CREDIT — CERTIFICATES OF DEPOSIT — SINGLE BOND.
Section 22-5105 - AMOUNT OF BOND — NOTICE OF CANCELLATION.
Section 22-5106 - ACTION BY PRODUCER INJURED.
Section 22-5108 - RECEIPTS — SCALE WEIGHT TICKETS.
Section 22-5109 - MAINTENANCE OF RECORDS — EXAMINATION OF RECORDS — AUTHORIZATION TO COPY.
Section 22-5110 - VIOLATIONS — PENALTIES — DISCRETION OF DIRECTOR TO HANDLE ADMINISTRATIVELY.
Section 22-5111 - SUSPENSION OR REVOCATION OF LICENSE.
Section 22-5112 - DUTY TO PROSECUTE.
Section 22-5114 - INSURANCE — CANCELLATION PROCEDURE — SUSPENSION OF LICENSE — SELF-INSURANCE.
Section 22-5115 - LICENSE REISSUANCE FOLLOWING REVOCATION.
Section 22-5116 - DEPARTMENT’S AUTHORITY.
Section 22-5117 - LICENSE DENIAL.
Section 22-5118 - PAYMENT AND VIOLATION.
Section 22-5119 - CONFIDENTIAL AND PROTECTED RECORDS.
Section 22-5120 - SEED INDEMNITY FUND.
Section 22-5121 - ASSESSMENTS.
Section 22-5123 - FUNDING AND LIMITS OF FUND.
Section 22-5124 - ADVISORY COMMITTEE.
Section 22-5125 - PROOF OF CLAIMS — PROCEDURE — HEARING.
Section 22-5126 - FAILURE TO FILE — LOSS OF CLAIM ON FUND.
Section 22-5127 - MINIMUM BALANCE FOR CLAIMS — TERMINATION OF LIABILITY.