Section 22-5127 – MINIMUM BALANCE FOR CLAIMS — TERMINATION OF LIABILITY.
22-5127. MINIMUM BALANCE FOR CLAIMS — TERMINATION OF LIABILITY. No claims of producers shall be paid when the balance in the seed indemnity fund is reduced to two hundred fifty thousand dollars ($250,000). If the director cannot fully pay producers’ claims without exceeding the minimum balance, he shall pay claims pro rata until the seed […]
Section 22-5128 – PAYMENT FROM FUND — DEBT OF SEED BUYER OR SURETY — REIMBURSEMENT — ACCRUAL OF CAUSE OF ACTION.
22-5128. PAYMENT FROM FUND — DEBT OF SEED BUYER OR SURETY — REIMBURSEMENT — ACCRUAL OF CAUSE OF ACTION. Amounts paid from the seed indemnity fund in satisfaction of any approved claims shall constitute a debt and obligation of the seed buyer against whom the claim was made and its surety. The director may bring […]
Section 22-5129 – RULES.
22-5129. RULES. The department may, from time to time, make such rules as it deems necessary for the efficient execution of the provisions of this chapter. History: [22-5129, added 2002, ch. 256, sec. 1, p. 747.]
Section 22-5118 – PAYMENT AND VIOLATION.
22-5118. PAYMENT AND VIOLATION. (1) A seed buyer shall pay the producer the purchase price for seed crops in legal tender within ninety (90) days of sale unless otherwise agreed to in writing. (2) Any seed buyer that violates the provisions of section 18-3106, Idaho Code, in making payment to the producer for any seed […]
Section 22-5119 – CONFIDENTIAL AND PROTECTED RECORDS.
22-5119. CONFIDENTIAL AND PROTECTED RECORDS. Records required by the department to validate the collection and remittance of assessments, including, but not limited to, production summaries, receiving records, conditioning reports, records relating to the payment of seed crops and seed indemnity fund reporting forms of a seed buyer, and financial records that may be required pursuant […]
Section 22-5120 – SEED INDEMNITY FUND.
22-5120. SEED INDEMNITY FUND. (1) There is hereby established, within the dedicated account, a fund to be known as the seed indemnity fund. The seed indemnity fund shall consist of assessments remitted pursuant to the provisions of this chapter and any interest or earnings on the fund balance. (2) All assessments shall be paid to […]
Section 22-5121 – ASSESSMENTS.
22-5121. ASSESSMENTS. Every producer shall pay an assessment for deposit in the seed indemnity fund according to the provisions of this chapter and rules promulgated by the department. A delivery of seed crop between producers, none of whom are seed buyers, is exempt from the collection and payment of assessments. Assessments shall be collected on […]
Section 22-5122 – COLLECTION AND REMITTANCE OF ASSESSMENTS — PRINCIPAL AMOUNT HELD IN TRUST — INTEREST EARNED — FAILURE TO COLLECT OR REMIT ASSESSMENTS CONSTITUTES A VIOLATION — INTEREST AND PENALTIES FOR UNPAID ASSESSMENTS.
22-5122. COLLECTION AND REMITTANCE OF ASSESSMENTS — PRINCIPAL AMOUNT HELD IN TRUST — INTEREST EARNED — FAILURE TO COLLECT OR REMIT ASSESSMENTS CONSTITUTES A VIOLATION — INTEREST AND PENALTIES FOR UNPAID ASSESSMENTS. (1) The department shall promulgate rules to provide a procedure for the collection and remittance of the producer’s assessments. Seed buyers who owe […]
Section 22-5123 – FUNDING AND LIMITS OF FUND.
22-5123. FUNDING AND LIMITS OF FUND. The maximum amount of the seed indemnity fund shall be maintained between ten million dollars ($10,000,000) and twelve million dollars ($12,000,000). History: [22-5123, added 2002, ch. 256, sec. 1, p. 745.]
Section 22-5124 – ADVISORY COMMITTEE.
22-5124. ADVISORY COMMITTEE. (1) There is hereby created a seed indemnity fund advisory committee appointed by the director consisting of nine (9) members representing the diversity of the industry. Appointments shall be for up to three (3) year terms, each term ending on the same day of the same month as did the term preceding […]