Amendment S-5105 to HF 2596
Regulating the marketing of grain, making penalties applicable, and including effective date provisions
Ruled out of order · April 7, 2026
Filed March 18, 2026 in the Senate by
What it changes
- Page 1, by striking lines 5 through 35 and inserting: “b. The grain dealer shall submit to the department , as required by the department, a financial statement that is accompanied by an unqualified opinion based upon an audit a report based on a review performed by a certified public accountant licensed in this state. The department shall not require that a grain dealer submit more than one such unqualified opinion per year. A grain dealer shall submit one or more financial statements to the department in addition to the financial statement accompanied by an unqualified opinion as the report required in this paragraph if the department determines that it is necessary to verify the grain dealer’s financial status or compliance with this section .”
- Page 2, by striking lines 3 through 32 and inserting: “b. The grain dealer shall submit to the department , as required by the department, a financial statement that is accompanied by an unqualified opinion based upon an audit a report based on a review performed by a certified public accountant licensed in this state. The department shall not require that a grain dealer submit more than one such unqualified opinion per year. A grain dealer shall submit one or more financial statements to the department in addition to the financial statement accompanied by an unqualified opinion the report required in this paragraph if the department determines that it is necessary to verify the grain dealer’s financial status or compliance with this section .”
- Page 4, after line 3 by inserting: “Sec. ___. Section 203.15, subsection 4, paragraph c, Code 2026, is amended to read as follows: c. The grain dealer fails to submit to the department the grain dealer’s last financial statement accompanied by an unqualified opinion a report based upon an audit a review performed by a certified public accountant licensed in this state as required pursuant to section 203.3 .”
- By striking page 4, line 8, through page 5, line 2, and inserting: “b. The warehouse operator shall submit to the department , as required by the department, a financial statement that is accompanied by an unqualified opinion based upon an audit a report based on a review performed by a certified public accountant licensed in this state. The department shall not require that a warehouse operator submit more than one such unqualified opinion per year. A warehouse operator shall submit one or more financial statements to the department in addition to the financial statement accompanied by an unqualified opinion as the report required in this paragraph if the department determines that it is necessary to verify the warehouse operator’s financial status or compliance with this section .”
- Page 5, by striking lines 5 through 34 and inserting: “b. The warehouse operator shall submit to the department , as required by the department, a financial statement that is accompanied by an unqualified opinion based upon an audit a report based on a review performed by a certified public accountant licensed in this state. The department shall not require that a warehouse operator submit more than one such unqualified opinion per year. A warehouse operator shall submit one or more financial statements to the department in addition to the financial statement accompanied by an unqualified opinion as the report required in this paragraph if the department determines that it is necessary to verify the warehouse operator’s financial status or compliance with this section .”
- By renumbering as necessary.