SB 461

  • Indiana Senate Bill
  • 2025 Regular Session
  • Introduced in Senate
  • Passed Senate Feb 11, 2025
  • Passed House Apr 09, 2025
  • Signed by Governor Apr 30, 2025

Grain indemnity.

Abstract

Defines "revocation of a license". Creates a process in which the director of the Indiana grain buyers and warehouse licensing agency (agency) determines whether a building or other protected enclosure constitutes a single warehouse that requires one or more licenses. Specifies the documents a person who desires to conduct business as a grain buyer, warehouse operator, or buyer-warehouse (licensee) must submit to the agency to renew a license to operate. Specifies how a business as a licensee may renew its license. Specifies the types of licenses the agency shall issue and how a license may be relinquished. Establishes what information must be included in a financial statement submitted by a licensee to the agency. Removes the ability of the agency to temporarily suspend a licensee's license. Specifies various matters related to on-premises inspections. Permits the director of the agency (director) to call an informal meeting with a licensee. Provides when the director may revoke, and when the director shall revoke, a licensee's license and what information the director must share with the licensee. Establishes various notice requirements. Permits the agency to adopt rules. Requires the director to inspect and test all equipment used to test the moisture content of grain purchased from producers once per year. Requires the Indiana grain indemnity corporation board to elect a chairperson and vice chairperson and take on various new responsibilities. Addresses various issues with producer premiums. Provides that a grain buyer shall keep accurate and correct records of grain purchased from producers documenting the producer premiums paid by producers. Establishes storage fees to determine storage loss. Requires the office of the attorney general to provide legal assistance if requested by the director. Requires the director to take possession of the bond or other security and all proceeds from a grain sale in the event a licensee has failed to meet its obligations under the grain indemnity chapter. Provides that the director shall provide informal conferences between agency representatives and persons who have or who appear to have grain deposited with the licensee in revocation. Makes technical and conforming changes.

Bill Sponsors (5)

Votes


Actions


Apr 30, 2025

Office of the Governor

Signed by the Governor

Senate

Public Law 114

Apr 23, 2025

Senate

Signed by the President of the Senate

Apr 22, 2025

House

Signed by the Speaker

Apr 17, 2025

Senate

Signed by the President Pro Tempore

Apr 16, 2025

Senate

Senate concurred with House amendments; Roll Call 464: yeas 41, nays 0

Apr 10, 2025

Senate

Motion to concur filed

House

Returned to the Senate with amendments

Apr 09, 2025

House

Third reading: passed; Roll Call 413: yeas 95, nays 0

Apr 07, 2025

House

Second reading: ordered engrossed

Apr 03, 2025

House

Committee report: do pass, adopted

Apr 01, 2025

House

Representative Culp added as cosponsor

Mar 20, 2025

House

Recommitted to Committee on Ways and Means pursuant to House Rule 126.3

Ways and Means

House

Committee report: amend do pass, adopted

Mar 03, 2025

House

First reading: referred to Committee on Agriculture and Rural Development

  • Reading-1
  • Referral-Committee
Agriculture and Rural Development

Feb 12, 2025

Senate

Referred to the House

Feb 11, 2025

Senate

Cosponsor: Representative Aylesworth

Senate

House sponsor: Representative Baird

Senate

Third reading: passed; Roll Call 112: yeas 44, nays 4

Feb 10, 2025

Senate

Amendment #2 (Leising) prevailed; voice vote

Senate

Second reading: amended, ordered engrossed

Feb 06, 2025

Senate

Committee report: amend do pass, adopted

Jan 30, 2025

Senate

Senator Glick added as second author

Jan 28, 2025

Senate

Committee report: amend do pass adopted; reassigned to Committee on Appropriations

  • Committee-Passage
  • Referral-Committee
Appropriations

Jan 13, 2025

Senate

First reading: referred to Committee on Agriculture

  • Reading-1
  • Referral-Committee
Agriculture

Senate

Authored by Senator Leising

Bill Text

Bill Text Versions Format
Enrolled Senate Bill (S) PDF
Senate Bill (S) PDF PDF PDF
Senate Bill (H) PDF
Engrossed Senate Bill (H) PDF
Introduced Senate Bill (S) PDF

Related Documents

Document Format
Fiscal Note: SB0461.07.ENRH.FN001 PDF

Sources

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