Sec. 4. (a) Except as provided in section 8 of this chapter, beginning on July 1, 2015, the producers of grain shall be charged a producer premium equal to two-tenths percent (0.2%) of the price on all marketed grain that is sold to a first purchaser licensee.
(b) The producer premiums required under this section are in addition to any other fees or assessments required by law.
As added by P.L.250-1995, SEC.1. Amended by P.L.60-2015, SEC.16; P.L.145-2017, SEC.17.
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