2884

LAWS OF MARYLAND

Ch. 404

(b) ["Full market value" means the value     required by

law to be used by underwriters in paying for   losses of the
commodities insured for their actual cash value.] "FAIR

MARKET VALUE" MEANS THE VALUE ESTABLISHED BY  A CONTRACT OR

BY THE DEPARTMENT FOR A LOSS OF GRAIN AT THE     TIME OF THE
LOSS.

(C)

"GRAIN" MEANS:
(1)	CORN;
(2)	WHEAT;
(3)	RYE;
(4)	OATS;
(5)	BARLEY;
(6)	SORGHUM;
(7)	SOYBEANS; AND
(8)	SUNFLOWERS.

[(c)](D) "Grain buyer" means any person who purchases
more than [25,000] 100,000 bushels of grain in 1 year for
use in any business.

13-202.

(a)  There is an Administration Fund which is
established for the purpose of:

(1)   [paying] PAYING the expenses incurred in the
administration of the licensing program provided for in this
[title.] SUBTITLE; AND

(2)  Preparing the annual directory of grain
buyers as required by § 13-205 of this [title.] SUBTITLE.

(b)  The Fund shall be administered by the [Maryland]
STATE Department of Agriculture.

13-204.

(a) Money placed in the Administration Fund shall be
used as follows:

(1) To pay the expenses incurred in the
administration of the licensing program provided for in this
[title] SUBTITLE; and