Bills › 88th General Assembly
SSB 3151
Topics:Agriculture
Where it is now
- Done: IntroducedJanuary 31, 2020
- Done: SubcommitteeFebruary 13, 2020
- Done: Senate committeeFebruary 19, 2020
- Skipped: Passes the SenateContinued as SF 2367
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Became SF 2367 → Its progress continues under the new number. Go to SF 2367 What’s a funnel?
What’s in it
This bill amends the definition of a credit-sale contract which involves an instrument used in commercial transactions involving the marketing of grain. The department of agriculture and land stewardship regulates both grain dealers (Code chapter 203) and warehouse operators (Code chapter 203C) as well as administers the grain depositors and sellers indemnity fund (fund) (Code chapter 203D)., for storage in a licensed warehouse)., determined on the basis of a future market price). The bill provides that a deferred-payment contract is no longer considered a credit-sale contract.
Read the full explanation
15. _____ incurred by the grain dealer’s failure to meet a payment obligation for the grain. A grain dealer could also be subject to a per bushel fee assessed on the purchased grain which is deposited into the fund depending upon whether the fee was being assessed.
Senate subcommittee
Named February 13, 2020. On February 18, 2020 it recommended amendment and passage.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part