IN HB1483 | 2021 | Regular Session

Status

Completed Legislative Action
Spectrum: Moderate Partisan Bill (Republican 9-1)
Status: Passed on April 29 2021 - 100% progression
Action: 2021-04-29 - Public Law 208
Text: Latest bill text (Enrolled) [PDF]

Summary

Grain indemnity fund. Adds and amends definitions under the Indiana grain buyers and warehouse licensing law (licensing law). Requires contracts to purchase grain from producers to contain a notice that deferred priced grain must be priced within the crop year. Modifies the duties of the director (director) of the Indiana grain buyers and warehouse licensing agency (agency). Specifies that the grain indemnity fund consists of fines collected by the director. Increases the maximum amount of a bond required for a license. Requires that if the director finds a deficiency in minimum net worth before the licensee's next audit by the agency, the director shall issue a notice of deficiency to the licensee stating that the licensee has 30 days to correct the deficiency and if the licensee fails to correct a deficiency in minimum net worth within the 30 day period, the director may issue a fine. Provides that if a licensee fails to correct a deficiency in minimum net worth within 60 days of receiving a fine the director may issue a temporary suspension. Provides that a licensee may not enter into a deferred pricing agreement after July 1, 2022, that extends beyond the crop year for the delivered grain. Provides that if a deferred pricing agreement in connection with a grain purchase was entered into before July 1, 2021, the licensee shall complete the licensee's payment obligations to the seller under the agreement before January 1, 2024. Establishes criteria to determine the price date in the deferred pricing agreement. Provides that if a licensee fails to price grain, the director may impose a fine. Adds a definition of "conflict of interest". Provides that the attorney general may designate an attorney representative to serve on the board (board) of the Indiana grain indemnity corporation (corporation). Modifies duties of the board. Provides that a board member of the corporation with a conflict of interest in a proceeding before the board is recused from the proceedings. Provides that, if a board member is found to have violated the terms of a confidentiality agreement, the board member forfeits the member's appointment to the board and shall be removed as a member of the board. Requires that if a board member is suspected of violating a confidentiality agreement the matter must be referred to the office of the attorney general. Allows the corporation to: (1) study fund solvency, practices, and procedures; and (2) pay legal fees and legal expenses in actions brought against the corporation or the board of the corporation. Increases the amount from $250,000 to $350,000 that may be transferred to the administrative expense account (account). Adds a study of fund solvency, practices, and procedures, professional development and training programs, technology software updates and technology support services, and professional training for board members to listed administrative expenses allowed from the account.

Tracking Information

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Title

Grain indemnity fund.

Sponsors


Roll Calls

2021-04-14 - House - House - House concurred in Senate amendments (Y: 81 N: 0 NV: 2 Abs: 17) [PASS]
2021-04-13 - Senate - Senate - Third reading (Y: 46 N: 3 NV: 0 Abs: 1) [PASS]
2021-03-29 - Senate - Senate - Committee Vote (Y: 8 N: 0 NV: 0 Abs: 1) [PASS]
2021-02-15 - House - House - Third reading (Y: 92 N: 0 NV: 1 Abs: 7) [PASS]
2021-02-03 - House - House - Committee Vote (Y: 11 N: 0 NV: 0 Abs: 2) [PASS]

History

DateChamberAction
2021-04-29HousePublic Law 208
2021-04-29HouseSigned by the Governor
2021-04-28SenateSigned by the President of the Senate
2021-04-23SenateSigned by the President Pro Tempore
2021-04-16HouseSigned by the Speaker
2021-04-14HouseHouse concurred in Senate amendments; Roll Call 447: yeas 81, nays 0
2021-04-14HouseMotion to concur filed
2021-04-14SenateReturned to the House with amendments
2021-04-13SenateThird reading: passed; Roll Call 428: yeas 46, nays 3
2021-04-08SenateSenators Glick and Tomes added as cosponsors
2021-04-06SenateSecond reading: ordered engrossed
2021-04-05SenateSenator Kruse added as cosponsor
2021-03-30SenateCommittee report: amend do pass, adopted
2021-02-23SenateFirst reading: referred to Committee on Agriculture
2021-02-16HouseReferred to the Senate
2021-02-15HouseSenate sponsors: Senators Leising, Mishler, Messmer
2021-02-15HouseThird reading: passed; Roll Call 125: yeas 92, nays 0
2021-02-09HouseRepresentatives Heine and Klinker added as coauthors
2021-02-08HouseSecond reading: ordered engrossed
2021-02-04HouseCommittee report: amend do pass, adopted
2021-01-14HouseFirst reading: referred to Committee on Agriculture and Rural Development
2021-01-14HouseCoauthored by Representative Leonard
2021-01-14HouseAuthored by Representative Snow

Indiana State Sources

TypeSource
Summaryhttps://iga.in.gov/legislative/2021/bills/house/1483/details
Texthttp://iga.in.gov/static-documents/8/3/a/a/83aa601f/HB1483.01.INTR.pdf
Texthttp://iga.in.gov/static-documents/d/7/a/9/d7a99e42/HB1483.01.INTR.pdf
Texthttp://iga.in.gov/static-documents/5/7/b/9/57b9f5b6/HB1483.02.COMH.pdf
Texthttp://iga.in.gov/static-documents/6/9/7/4/697496c0/HB1483.02.COMH.pdf
Texthttp://iga.in.gov/static-documents/d/e/a/d/deadb395/HB1483.03.COMS.pdf
Texthttp://iga.in.gov/static-documents/5/d/9/7/5d974c7c/HB1483.03.COMS.pdf
Texthttp://iga.in.gov/static-documents/c/3/f/2/c3f29d20/HB1483.04.ENRS.pdf
Amendmenthttp://iga.in.gov/static-documents/f/6/a/6/f6a67786/HB1483.03.COMS.AMS001.pdf
Amendmenthttp://iga.in.gov/static-documents/2/3/c/5/23c5b46e/HB1483.03.COMS.AMS002.pdf
Amendmenthttp://iga.in.gov/static-documents/9/9/4/6/994659db/HB1483.03.COMS.AMS003.pdf
Amendmenthttp://iga.in.gov/static-documents/b/2/3/c/b23c4837/HB1483.03.COMS.AMS004.pdf
Supplementhttp://iga.in.gov/static-documents/a/7/6/f/a76fdfe0/HB1483.01.INTR.FN001.pdf
Supplementhttp://iga.in.gov/static-documents/3/e/f/4/3ef4733b/HB1483.01.INTR.FN002.pdf
Supplementhttp://iga.in.gov/static-documents/4/2/3/7/423797fb/HB1483.01.INTR.CRH001.pdf
Supplementhttp://iga.in.gov/static-documents/5/0/0/3/50039b87/HB1483.02.COMH.FN001.pdf
Supplementhttp://iga.in.gov/static-documents/b/8/b/2/b8b2fe2f/HB1483.02.COMH.FN002.pdf
Supplementhttp://iga.in.gov/static-documents/5/5/d/5/55d59c68/HB1483.02.COMH.FN003.pdf
Supplementhttp://iga.in.gov/static-documents/f/a/4/0/fa40d550/HB1483.02.COMH.CRS001.pdf
Supplementhttp://iga.in.gov/static-documents/9/2/7/2/9272ac72/HB1483.03.COMS.FN001.pdf
Supplementhttp://iga.in.gov/static-documents/6/c/b/e/6cbe4832/HB1483.03.COMS.FN002.pdf
Supplementhttp://iga.in.gov/static-documents/3/a/4/7/3a47480d/HB1483.03.COMS.FN003.pdf
Supplementhttp://iga.in.gov/static-documents/4/1/0/6/410618a5/HB1483.03.COMS.CON01.pdf
Supplementhttp://iga.in.gov/static-documents/f/c/d/3/fcd36b1e/HB1483.04.ENRS.FN001.pdf
Roll Callhttp://iga.in.gov/static-documents/1/8/c/e/18ce8b35/HB1483.01.INTR.00.pdf
Roll Callhttp://iga.in.gov/static-documents/1/7/c/0/17c0c887/HB1483.125_H.pdf
Roll Callhttp://iga.in.gov/static-documents/b/0/d/7/b0d7da4c/HB1483.02.COMH.00.pdf
Roll Callhttp://iga.in.gov/static-documents/6/9/4/c/694cfb95/HB1483.428_S.pdf
Roll Callhttp://iga.in.gov/static-documents/a/d/6/5/ad6559cf/HB1483.447_H.pdf

Bill Comments

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