Indiana § 15-15-12-38 Procedures for termination if refunds are greater than 25%

Indiana Statutes

§ 15-15-12-38 — Procedures for termination if refunds are greater than 25%

Indiana·Art. 15 HORTICULTURE PRODUCTS·Ch. 12 Indiana Corn Market Development

(a)For the marketing year beginning October 1, 2009, if at least twenty-five percent (25%) of the assessment is refunded during the marketing year, the council shall:

(1)cease collecting the assessment on January 1 of the subsequent year;

(2)maintain a sufficient amount of money to pay any refunds requested by producers; and

(3)request that the legislative council have legislation prepared to repeal the corn market law.

(b)If for the marketing year beginning October 1, 2009, less than twenty-five percent (25%) of the assessments are refunded, the council shall review the refunds for each year beginning with the marketing year beginning October 1, 2010. If refunds exceed twenty-five percent (25%) in two (2) consecutive marketing years, the council shall:

(1)cease collecting the assess

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(a) For the marketing year beginning
October 1, 2009, if at least twenty-five percent (25%) of the assessment
is refunded during the marketing year, the council shall:
(1) cease collecting the assessment on January 1 of the
subsequent year;
(2) maintain a sufficient amount of money to pay any refunds
requested by producers; and
(3) request that the legislative council have legislation prepared
to repeal the corn market law.
(b) If for the marketing year beginning October 1, 2009, less than
twenty-five percent (25%) of the assessments are refunded, the council
shall review the refunds for each year beginning with the marketing
year beginning October 1, 2010. If refunds exceed twenty-five percent
(25%) in two (2) consecutive marketing years, the council shall:
(1) cease collecting the assessment on January 1 of the
subsequent year;
(2) maintain a sufficient amount of money to pay any refunds
requested by producers; and
(3) request that the legislative council have legislation prepared
to repeal the corn market law.
(c) The dean of agriculture and the council shall report to the
legislative council the amounts collected and refunded. The report to
the legislative council must be in an electronic format under IC 5-14-6.
[Pre-2008 Recodification Citation: 15-4-10-33.]

Indiana § 15-15-12-38 (Procedures for termination if refunds are greater than 25%) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.