Current through Register Vol. 47, No. 6, September 18, 2024
Until the amounts are amended or waived by the grain indemnity
fund board pursuant to Iowa Code section
203D.5,
in accordance with Iowa Code chapter 17A, fees shall be assessed as
follows:
(1) A per-bushel fee on all
purchased grain, in an amount of one-quarter cent per bushel, remitted by grain
dealers. However, if the grain dealer provides documentation satisfactory to
the department, the following transactions shall be excluded from the
per-bushel fee:
a. Grain purchased from the
United States government or any of its subdivisions or agencies.
b. Grain purchased from a person licensed as
a grain dealer in any jurisdiction.
c. Grain purchased under a credit-sale
contract.
d. Grain entered in the
company-owned paid position as a cancellation of a collateral warehouse
receipt.
e. Grain entered in the
company-owned paid position as an intracompany location transfer.
(2) An annual participation fee,
remitted by licensees, as follows:
a. For
grain dealers, a participation fee of fourteen thousandths of a cent per bushel
on all purchased grain entered into the company-owned paid position during the
grain dealer's last fiscal year. However, a grain dealer shall pay a minimum
participation fee of $50. If the grain dealer provides documentation
satisfactory to the department, the following transactions shall be excluded
from the participation fee:
(1) Grain
purchased from the United States government or any of its subdivisions or
agencies.
(2) Grain purchased from
a person licensed as a grain dealer in any jurisdiction.
(3) Grain purchased under a credit-sale
contract.
(4) Grain entered in the
company-owned paid position as a cancellation of a collateral warehouse
receipt.
(5) Grain entered in the
company-owned paid position as an intracompany location transfer.
b. For warehouse operators, a
participation fee of fourteen thousandths of a cent per bushel of bulk grain
storage capacity, or $500, whichever is less. However, a warehouse operator
shall pay a minimum participation fee of $50.
(3) A grain dealer may pass on the cost of a
per-bushel fee paid in accordance with 92.2(1) to the grain sellers by an
itemized discount on the grain dealer's settlement sheet.
This rule is intended to implement Iowa Code sections 203D.3,
203D.3A and 203D.5.
