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·Title 26 COMMERCIAL LAW·Art. 4 GRAIN INDEMNITY PROGRAM·Ch. 4 Indiana Grain Indemnity Fund

(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.

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(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.

Indiana § 26-4-4-9 (Certification of fund balance; discretion of board to suspend collection) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.