SB 461 IN

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Became Law

Defines "revocation of a license". Creates a process in which the director of the Indiana grain buyers and warehouse licensing agency (agency) determines whether a building or other protected enclosure constitutes a single warehouse that requires one or more licenses. Specifies the documents a person who desires to conduct business as a grain buyer, warehouse operator, or buyer-warehouse (licensee) must submit to the agency to renew a license to operate. Specifies how a business as a licensee may renew its license. Specifies the types of licenses the agency shall issue and how a license may be relinquished. Establishes what information must be included in a financial statement submitted by a licensee to the agency. Removes the ability of the agency to temporarily suspend a licensee's license. Specifies various matters related to on-premises inspections. Permits the director of the agency (director) to call an informal meeting with a licensee. Provides when the director may revoke, and when the director shall revoke, a licensee's license and what information the director must share with the licensee. Establishes various notice requirements. Permits the agency to adopt rules. Requires the director to inspect and test all equipment used to test the moisture content of grain purchased from producers once per year. Requires the Indiana grain indemnity corporation board to elect a chairperson and vice chairperson and take on various new responsibilities. Addresses various issues with producer premiums. Provides that a grain buyer shall keep accurate and correct records of grain purchased from producers documenting the producer premiums paid by producers. Establishes storage fees to determine storage loss. Requires the office of the attorney general to provide legal assistance if requested by the director. Requires the director to take possession of the bond or other security and all proceeds from a grain sale in the event a licensee has failed to meet its obligations under the grain indemnity chapter. Provides that the director shall provide informal conferences between agency representatives and persons who have or who appear to have grain deposited with the licensee in revocation. Makes technical and conforming changes.

• Jean Leising Republican · author
• Susan Glick Republican · author
• Beau Baird Republican · sponsor

1. Jan 13, 2025 Authored by Senator Leising · upper
2. Jan 13, 2025 First reading: referred to Committee on Agriculture · upper
3. Jan 28, 2025 Committee report: amend do pass adopted; reassigned to Committee on Appropriations · upper
4. Jan 30, 2025 Senator Glick added as second author · upper
5. Feb 6, 2025 Committee report: amend do pass, adopted · upper
6. Feb 10, 2025 Amendment #2 (Leising) prevailed; voice vote · upper
7. Feb 10, 2025 Second reading: amended, ordered engrossed · upper
8. Feb 11, 2025 Cosponsor: Representative Aylesworth · upper
9. Feb 11, 2025 Third reading: passed; Roll Call 112: yeas 44, nays 4 · upper
10. Feb 11, 2025 House sponsor: Representative Baird · upper
11. Feb 12, 2025 Referred to the House · upper
12. Mar 3, 2025 First reading: referred to Committee on Agriculture and Rural Development · lower
13. Mar 20, 2025 Committee report: amend do pass, adopted · lower
14. Mar 20, 2025 Recommitted to Committee on Ways and Means pursuant to House Rule 126.3 · lower
15. Apr 1, 2025 Representative Culp added as cosponsor · lower
16. Apr 3, 2025 Committee report: do pass, adopted · lower
17. Apr 7, 2025 Second reading: ordered engrossed · lower
18. Apr 9, 2025 Third reading: passed; Roll Call 413: yeas 95, nays 0 · lower
19. Apr 10, 2025 Returned to the Senate with amendments · lower
20. Apr 10, 2025 Motion to concur filed · upper
21. Apr 16, 2025 Senate concurred with House amendments; Roll Call 464: yeas 41, nays 0 · upper
22. Apr 17, 2025 Signed by the President Pro Tempore · upper
23. Apr 22, 2025 Signed by the Speaker · lower
24. Apr 23, 2025 Signed by the President of the Senate · upper
25. Apr 30, 2025 Public Law 114 · upper
26. Apr 30, 2025 Signed by the Governor · executive