Bills › 88th General Assembly
Establishing a study relating to the grain depositors and sellers indemnity fund
Sponsored by the House Agriculture (companion To Lsb 6018sv By Committee on Agriculture) Committee
Topics:Agriculture
Where it is now
- Done: IntroducedJanuary 31, 2020
- Done: SubcommitteeFebruary 6, 2020
- Done: House committeeFebruary 19, 2020
- Done: Passes the HouseMarch 4, 2020
- Stopped: Senate committeeDied when the General Assembly ended
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2020 session adjourned on June 14, 2020, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary The Iowa Department of Agriculture and Land Stewardship will study how to keep the grain indemnity fund running in the long term. This study looks at how the fund is managed, how much money goes into it, and how to protect grain sellers who use certain payment contracts. Officials will talk to interested people and must give their final report to the governor and the legislature by December 15, 2020.1
Read the official explanation
This bill requires the department of agriculture and land stewardship (DALS) to conduct a study regarding the long-term continuance of the grain depositors and sellers indemnity fund. The items of study may include the administration of the fund, participation in the fund, contributions made to the fund, risks to the fund, claims against and on behalf of the fund, and the optimal balance and optimal waiver amounts. DALS must evaluate possible methods to indemnify sellers of grain who execute deferred-payment contracts. DALS may consult with the Iowa grain indemnity fund board and must seek comments from persons who have an interest in the fund’s operation. DALS must submit a report to the governor and general assembly not later than December 15, 2020.
Lobbying
2 for · 0 against · 12 undecided · Who →