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A BILL TO BE ENTITLED
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AN ACT
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relating to suspension of the activities of the Texas Grain |
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Producer Indemnity Board. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter G, Chapter 41, Agriculture Code, is |
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amended by adding Section 41.128 to read as follows: |
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Sec. 41.128. TEXAS GRAIN PRODUCER INDEMNITY BOARD. (a) The |
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Texas Grain Producer Indemnity Board is not abolished but is |
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inactive as provided by this section until reactivated under |
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Subsection (d). |
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(b) The terms of office of the members of the Texas Grain |
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Producer Indemnity Board expire, as determined by the commissioner, |
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on December 31, 2017, or when the board files the report under |
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Section 41.059(c) for the board's fiscal year that includes |
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September 1, 2017. That report is the board's final report unless |
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the board is reactivated under Subsection (d). |
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(c) While the board is inactive, the department shall |
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administer the grain producer indemnity fund. From money available |
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in the fund, the department shall pay all or part of any claims |
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under Subchapter I that the department determines are valid. When |
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the department determines that no potential claims remain, the |
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department shall refund any money remaining in the fund to grain |
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producers who paid an assessment under Section 41.206 on a pro rata |
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basis. |
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(d) The commissioner shall order the reactivation of the |
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Texas Grain Producer Indemnity Board if at least 200 grain |
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producers petition the commissioner to reactivate the board. If |
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the board is reactivated, the commissioner shall appoint board |
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members as provided by Section 41.204. |
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SECTION 2. This Act takes effect September 1, 2017. |