22-5127. MINIMUM BALANCE FOR CLAIMS — TERMINATION OF LIABILITY. No claims of producers shall be paid when the balance in the seed indemnity fund is reduced to two hundred fifty thousand dollars ($250,000). If the director cannot fully pay producers’ claims without exceeding the minimum balance, he shall pay claims pro rata until the seed indemnity fund contains sufficient funds to pay claims in full. In no case shall the fund be liable for those claims not fully paid within three (3) years of submission of the claim.
History:
[22-5127, added 2002, ch. 256, sec. 1, p. 746.]
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.