HB 1483 IN

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Became Law

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.

• Craig Snow Republican · author
• Jean Leising Republican · sponsor
• Ryan Mishler Republican · sponsor
• Mark Messmer · sponsor

1. Jan 14, 2021 Coauthored by Representative Leonard · lower
2. Jan 14, 2021 Authored by Representative Snow · lower
3. Jan 14, 2021 First reading: referred to Committee on Agriculture and Rural Development · lower
4. Feb 4, 2021 Committee report: amend do pass, adopted · lower
5. Feb 8, 2021 Second reading: ordered engrossed · lower
6. Feb 9, 2021 Representatives Heine and Klinker added as coauthors · lower
7. Feb 15, 2021 Third reading: passed; Roll Call 125: yeas 92, nays 0 · lower
8. Feb 15, 2021 Senate sponsors: Senators Leising, Mishler, Messmer · lower
9. Feb 16, 2021 Referred to the Senate · lower
10. Feb 23, 2021 First reading: referred to Committee on Agriculture · upper
11. Mar 30, 2021 Committee report: amend do pass, adopted · upper
12. Apr 5, 2021 Senator Kruse added as cosponsor · upper
13. Apr 6, 2021 Second reading: ordered engrossed · upper
14. Apr 8, 2021 Senators Glick and Tomes added as cosponsors · upper
15. Apr 13, 2021 Third reading: passed; Roll Call 428: yeas 46, nays 3 · upper
16. Apr 14, 2021 Returned to the House with amendments · upper
17. Apr 14, 2021 Motion to concur filed · lower
18. Apr 14, 2021 House concurred in Senate amendments; Roll Call 447: yeas 81, nays 0 · lower
19. Apr 16, 2021 Signed by the Speaker · lower
20. Apr 23, 2021 Signed by the President Pro Tempore · upper
21. Apr 28, 2021 Signed by the President of the Senate · upper
22. Apr 29, 2021 Public Law 208 · lower
23. Apr 29, 2021 Signed by the Governor · executive

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Enrolled House Bill (H) · Apr 14, 2021 · PDF
• Introduced House Bill (H) · Jan 13, 2021 · PDF
• House Bill (H) · Feb 4, 2021 · PDF
• House Bill (S) · Mar 30, 2021 · PDF