HB 915 -- Grain Dealers

Sponsor:  Hobbs

This bill increases the amount of the surety bond that the
Department of Agriculture must require of a licensed grain dealer
with one or multiple licenses from between $20,000 and $300,000
to between $50,000 and $1 million.  The formula for determining
the amount of the surety bond is changed from between 1% and 5%
to not less than 2% of the aggregate dollar amount paid by the
grain dealer during the previous fiscal year for grain purchased
in Missouri and from states which Missouri has entered into
contracts or agreements.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:25 am