Sec. 1. (a) The Indiana grain indemnity fund is established for the purpose of providing money to pay producers for losses incurred due to the failure of a grain buyer or warehouse operator licensed under IC 26-3-7. The fund shall be administered by the board of the corporation.
(b) The fund consists of money collected under this chapter.
(c) The fund shall operate on a fiscal year of July 1 to June 30.
As added by P.L.250-1995, SEC.1. Amended by P.L.173-1999, SEC.18; P.L.75-2010, SEC.24; P.L.60-2015, SEC.14.
Structure Indiana Code
Article 4. Grain Indemnity Program
Chapter 4. Indiana Grain Indemnity Fund
26-4-4-1. Establishment of Fund; Fiscal Year
26-4-4-2. Fund Administration Expenses
26-4-4-3. Premiums Held in Trust; Investment of Fund; Interest; Reversion
26-4-4-5. Notice of Producer Premium Deductions
26-4-4-6. Submission of Producer Premiums to Finance Fund
26-4-4-7. Inspection of Books and Records; Verification; Confidentiality
26-4-4-8. Amount of Fund; Basis for Suspension and Reinstatement of Producer Premium Collection
26-4-4-9. Certification of Fund Balance; Discretion of Board to Suspend Collection