20160608-IR-825150330PRA Amends 825 IAC 1-3-2 to reflect a 2010 statutory change no longer requiring registration of grain buyers in Indiana. Effective 30 days after filing with the Publisher.

TITLE 825 INDIANA GRAIN INDEMNITY CORPORATION

Proposed Rule LSA Document #15-330

DIGEST

Amends 825 IAC 1-3-2 to reflect a 2010 statutory change no longer requiring registration of grain buyers in Indiana. Effective 30 days after filing with the Publisher.

825 IAC 1-3-2

SECTION 1. 825 IAC 1-3-2 IS AMENDED TO READ AS FOLLOWS:

825 IAC 1-3-2 Inspection and verification of records

Authority: IC 26-4-7-1

Affected: IC 26-4-4

Sec. 2. Each year that producer premiums are being collected, the board shall determine the number of randomly selected grain buyers to be audited; however, that number shall not be less than five percent (5%) of the total registered grain buyers in Indiana. In addition to randomly selected audits, the board may audit particular grain buyers on the basis of complaints, prior audit results, or other reasons determined by the board to be sufficient.

(Indiana Grain Indemnity Corporation; 825 IAC 1-3-2; filed Sep 25, 1996, 10:00 a.m.: 20 IR 323; readopted filed Dec 2, 2002, 2:52 p.m.: 26 IR 1262; readopted filed Sep 29, 2009, 9:52 a.m.: 20091021-IR-825090504RFA; readopted filed Nov 24, 2015, 9:10 a.m.: 20151223-IR-825150329RFA)

Posted: 06/08/2016 by Legislative Services Agency

DIN: 20160608-IR-825150330PRA

Composed: Nov 01,2016 2:15:08AM EDT

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