MS SB2002 | 2022 | Regular Session

Status

Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 7-4)
Status: Failed on March 1 2022 - 100% progression
Action: 2022-03-01 - Died In Committee
Text: Latest bill text (Engrossed) [HTML]

Summary

An Act Entitled The "mississippi Grain Producer Indemnity Act"; To Provide Indemnification For Grain Producers In Mississippi Against The Financial Failure Of Grain Dealers And Warehouses In Order To Improve The Economic Stability Of Agriculture; To Provide Definitions; To Establish The Mississippi Grain Indemnity Fund Board To Administer The Mississippi Grain Indemnity Fund And To Provide For Its Membership, Powers And Duties; To Establish The Mississippi Grain Indemnity Fund In The State Treasure And To Authorize Assessments Against Grain Producers To Fund The Program; To Provide For A Minimum Balance In The Fund And For The Suspension Of Assessments Under Certain Conditions; To Provide For Reinsurance For The Payment Of Claims; To Prescribe The Duties Of The Mississippi Grain Indemnity Fund Board And The Mississippi Department Of Insurance To Administer The Provisions Of This Act; To Provide For The Compensation Of Claimants Who Have Incurred A Financial Loss Due To A Failure Of A Grain Dealer Or Warehouseman; To Provide Application And Payment Procedures; To Provide For Subrogation Of Claims On Behalf Of The Fund; To Amend Sections 75-44-29 And 75-45-305, Mississippi Code Of 1972, To Provide That Grain Warehouseman's Surety Bond And Grain Dealer's Surety Bond Under Applicable Licensure Law Shall Be Payable To The Mississippi Grain Indemnity Fund Created Under This Act; And For Related Purposes.

Tracking Information

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Title

"Mississippi Grain Producer Indemnity Act"; enact.

Sponsors


Roll Calls

2022-02-08 - Senate - Senate Passed (Y: 52 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2022-03-01HouseDied In Committee
2022-02-24HouseReferred To Agriculture
2022-02-09SenateTransmitted To House
2022-02-08SenatePassed
2022-01-27SenateTitle Suff Do Pass
2022-01-06SenateReferred To Agriculture

Code Citations

ChapterArticleSectionCitation TypeStatute Text
754429Amended CodeSee Bill Text
7545305Amended CodeSee Bill Text

Mississippi State Sources


Bill Comments

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