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902 LAWS OF MARYLAND Ch. 230
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[13-102.
(a) There is a Grain Indemnity Fund which is established
for the purpose of compensating for losses incurred by grain
producers on grain which the grain producers have delivered to
grain buyers.
(b) There is an Indemnification Administration Fund which
is established for the purpose of paying the expenses incurred in
the administration of the indemnification program provided for in
this title.
(c) The funds created by this section shall be administered
by the Maryland Department of Agriculture.]
[13-103.
(a) (1) The Department shall make an assessment of 5 mills
per bushel on all grain delivered by grain producers to grain
buyers.
(2) The assessment shall be imposed on any grain
buyer who does business in this State where delivery is intended
to occur in this State whether or not the delivery is in fact to
that buyer.
(3) The grain buyer shall remit the amount of the
assessment to the Department as provided in this subtitle.
(b) Grain may not be subject to the assessment more than
once.
(c) (1) Except as provided in paragraph (2) of this
subsection when the Fund reaches $5,000,000, the 5 mill
assessment provided for in this subtitle shall cease.
(2) If the Fund reaches $5,000,000 between July 1 and
June 30, the assessment shall continue until June 30.
(d) The 5 mill assessment shall be reinstated as necessary
to maintain a balance of $5,000,000 in the Fund.
(e) The Department may invest and reinvest money contained
in the Fund. Any proceeds from such investment shall be added to
the Fund.]
[13-104.
Money received from the assessed amount remitted by grain
buyers shall be used as follows:
(1) Except as provided in paragraph (2) of this
section the money shall be placed in the Grain Indemnity Fund.
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