Sec. 41.2145. REFUND OF ASSESSMENTS. (a) A grain producer who has paid an assessment under Section 41.206 may be eligible for a refund from excess money in the indemnity fund as provided by this section.
(b) As a part of the annual budget proposal procedure described by Section 41.059, the board shall review the budget for the next year and the board's current financial status. Based on that review, the board shall determine whether funds are available in excess of the minimum fund balance to issue refunds to grain producers who paid an assessment under Section 41.206.
(c) The board shall adopt rules regarding the procedure for determining the amount of a grain producer's refund and the timing, method, and order of refund issuance.
Added by Acts 2015, 84th Leg., R.S., Ch. 33 (S.B. 1099), Sec. 11, eff. May 19, 2015.
Structure Texas Statutes
Title 3 - Agricultural Research and Promotion
Chapter 41 - Commodity Producers Boards
Subchapter I. Texas Grain Producer Indemnity Board
Section 41.202. Declaration of Policy
Section 41.203. Conflict With General Commodity Law Provisions
Section 41.205. Powers and Duties of Board
Section 41.206. Collection of Assessment
Section 41.207. Assessments; Applicability of Other Law
Section 41.208. Initiation of Claim
Section 41.209. Payment of Claim
Section 41.210. Reimbursement of Board by Grain Buyer; Subrogation of Rights; Reinsurance
Section 41.212. Referendum; Balloting
Section 41.213. Notice of Referendum