Sec. 8.
(1) A grain dealer shall pay a license fee to the department with an application for a license or renewal of a license. The license fee is the sum of all of the following that apply to the grain dealer:
(3) A license fee determined under subsection (1) is the fee for a 1-year license. If the department has issued a license for a period of longer than 1 year under section 4(4), it shall require a license fee increased on a proportionate basis to reflect the longer term of the license.
(4) Every year, the department may adjust the fee schedule in subsection (1) by an amount determined by the state treasurer to reflect the cumulative annual percentage change in the Detroit consumer price index over the 1-year period. An adjustment under this subsection shall not exceed 5% even if the amount determined by the state treasurer to reflect the cumulative annual percentage change over the 1-year period is more than 5%. A fee adjusted under this subsection shall be rounded to the nearest $5.00 increment. As used in this subsection, "Detroit consumer price index" means the most comprehensive index of consumer prices available for the Detroit area from the bureau of labor statistics of the United States department of labor.
History: 1939, Act 141, Eff. Sept. 29, 1939 ;-- CL 1948, 285.68 ;-- Am. 1976, Act 259, Imd. Eff. Aug. 12, 1976 ;-- Am. 2002, Act 80, Eff. Mar. 31, 2003 ;-- Am. 2010, Act 264, Imd. Eff. Dec. 14, 2010 ;-- Am. 2012, Act 148, Imd. Eff. May 30, 2012
Structure Michigan Compiled Laws
Act 141 of 1939 - Grain Dealers Act (285.61 - 285.89)
Section 285.64 - License; Conduct; Term; Display; Term of New License.
Section 285.65 - Revocation of License; Application for New License; Events; Notice of Event.
Section 285.66 - Temporary Permit.
Section 285.66a, 285.66b - Repealed. 2002, Act 80, Eff. Mar. 31, 2003.
Section 285.67a - Repealed. 2002, Act 80, Eff. Mar. 31, 2003.
Section 285.69 - Application for License or Renewal; Financial Statement.
Section 285.69a - Repealed. 2002, Act 80, Eff. Mar. 31, 2003.
Section 285.70 - Revocation or Refusal to Issue or Renew License; Hearing; Conditions.
Section 285.71 - Temporary Facility.
Section 285.71a - Repealed. 2002, Act 80, Eff. Mar. 31, 2003.
Section 285.73 - Availability of Books and Records; Confidentiality; Disclosure.
Section 285.75 - Daily Position Report.
Section 285.76 - Records and Accounts.
Section 285.77 - Notice of Intent to Discontinue Business.
Section 285.78 - Receipt of Farm Produce; Acknowledgment Form.
Section 285.80 - Warehouse Receipt.
Section 285.81 - Price Later Agreement.
Section 285.82 - Administration and Enforcement of Act; Rules; Powers and Duties of Director.
Section 285.82a - Repealed. 2002, Act 80, Eff. Mar. 31, 2003.
Section 285.83 - Violation of Act or Rule; Prohibited Conduct; Penalty.
Section 285.86 - Repealed. 2016, Act 263, Eff. Sept. 26, 2016.
Section 285.87 - Repealed. 2012, Act 148, Imd. Eff. May 30, 2012.
Section 285.88 - Grain Merchandiser or Farm Produce Trucker; Surety Bond; Requirements.