Indiana § 26-4-4-9 Certification of fund balance; discretion of board to suspend collection

Indiana Statutes

§ 26-4-4-9 — Certification of fund balance; discretion of board to suspend collection

Indiana § 26-4-4-9

Title 26COMMERCIAL LAW

Art. 4GRAIN INDEMNITY PROGRAM

Ch. 4Indiana Grain Indemnity Fund

This text of Indiana § 26-4-4-9 (Certification of fund balance; discretion of board to suspend collection) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 26-4-4-9 (2026).

Text

(a)At the July meeting required under IC 26-4-3-5, the board shall certify the amount of money in the fund on June 30.

(b)Except as provided in section 8(c) of this chapter, the board may not require the collection of a producer premium during a fiscal year when the board certifies under subsection (a) that the fund has money in excess of twenty million dollars ($20,000,000). If the fund is at or below twenty million dollars ($20,000,000), the board shall reinstate the collection.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) At the July meeting required under IC 26-4-3-5, the board shall certify the amount of money in the fund on
June 30.
(b) Except as provided in section 8(c) of this chapter, the board may
not require the collection of a producer premium during a fiscal year
when the board certifies under subsection (a) that the fund has money
in excess of twenty million dollars ($20,000,000). If the fund is at or
below twenty million dollars ($20,000,000), the board shall reinstate
the collection.