HCS HB 915 & 923 -- GRAIN DEALERS (Hobbs)

COMMITTEE OF ORIGIN:  Committee on Agri-Business

This substitute 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 $600,000.  The formula for determining the
amount of the surety bond is changed from between 1% and 5% to
not less than 1.5% 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.

Any licensed grain dealer who acts outside the scope of his or
her license or classification of licensure as established in the
Missouri Grain Dealer Law or any other related regulation will be
guilty of a class A misdemeanor.

FISCAL NOTE:  No impact on state funds in FY 2010, FY 2011, and
FY 2012.

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