2846                                    LAWS OF MARYLAND                                 Ch. 767

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) THE FUND SHALL BE ADMINISTERED BY THE MARYLAND
DEPARTMENT OF AGRICULTURE AND IS ESTABLISHED FOR THE BENEFIT
OF GRAIN PRODUCERS WHO HAVE DELIVERED GRAIN TO GRAIN
DEALERS.

(B) THE FUND SHALL COMPENSATE GRAIN PRODUCERS FOR
LOSSES TO THEIR GRAIN INCURRED WHILE IT IS IN THE CONTROL OF
A LICENSED GRAIN DEALER.

(A) (1) THE DEPARTMENT SHALL MAKE AN ASSESSMENT OF 2 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 $2,000,000 $5,000,000, THE
2 5 MILL ASSESSMENT PROVIDED FOR IN THIS SUBTITLE SHALL
CEASE.

(2) IF THE FUND REACHES $2,000,000 $5,000,000
BETWEEN JULY 1 AND JUNE 30, THE ASSESSMENT SHALL CONTINUE
UNTIL JUNE 30.

(D)  THE 2 5 MILL ASSESSMENT SHALL BE REINSTATED AS
NECESSARY TO MAINTAIN A BALANCE OF $2,000,000 $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.