HF 3549
Introduction - 94th Legislature (2025 - 2026)
Posted on 02/19/2026 03:23 p.m.
1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.19 1.20 2.1 2.2
A bill for an act
relating to agriculture; modifying the use of the grain indemnity account; amending
Minnesota Statutes 2024, section 223.24, subdivision 2.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2024, section 223.24, subdivision 2, is amended to read:
Subd. 2.
Account; appropriation.
(a) Money in the grain indemnity account, including
interest, is appropriated to the commissioner to pay valid claims and to administer this
section.
(b) The commissioner shall direct payments from the grain indemnity account only for
the following purposes:
(1) the payment of valid claims;
(2) the payment of grain indemnity premium refunds;
(3) the payment of administrative expenses under paragraph (c);
(4) the payment of legal fees and legal expenses under subdivision 7; or
(5) the payment of a trustee appointed under subdivision 6.
(c) The commissioner shall allocate money from the grain indemnity account to a separate
administrative expenses account to pay or reimburse the agency for grain indemnity account
expenses. Administrative expenses under this paragraph include the actual cost of processing
payments and refunds, enforcement, record keeping, ordinary management and investment
fees connected with the operation of the grain indemnity account, and legal expenses.
new text begin
(d) Money from the grain indemnity account must not be transferred unless the grain
indemnity account contains more than $15,000,000.
new text end