Wisconsin Administrative Code
Department of Agriculture, Trade and Consumer Protection
ATCP 90-139 - Trade and Consumer Protection
Chapter ATCP 99 - Grain Dealers And Grain Warehouse Keepers
Subchapter II - Grain Dealers
Section ATCP 99.135 - Reduced fund assessment for contributing grain dealers who also maintain security
Universal Citation: WI Admin Code ยง ATCP 99.135
Current through August 26, 2024
(1) VOLUNTARY SECURITY. A licensed grain dealer may at any time file security with the department, regardless of whether the grain dealer is required to file security. Except as provided in sub. (2), a voluntary security filing under this subsection does not relieve a grain dealer of any other obligation to file security or pay fund assessments.
Note: A grain dealer who files voluntary security under sub.
(1) may be eligible for a
reduction in fund assessments under sub. (2), and may be able to make a more
favorable disclosure to producers under s.
ATCP 99.14(2).
(2) REDUCED ASSESSMENT. If, for the duration
of a license year, a contributing grain dealer maintains security under sub.
(1) in an amount that is at least equal to the grain dealer's estimated default
exposure less the maximum fund reimbursement amount, the contributing grain
dealer's annual fund assessment under s.
ATCP 99.126(1) for that year is reduced by
an amount that is determined as follows:
(a)
Subtract the maximum fund reimbursement from the grain dealer's estimated
default exposure.
(b) Divide the
result in par. (a) by the grain dealer's estimated default exposure.
(c) Multiply the result in par. (b) by the
amount of the grain dealer's annual fund assessment under s.
ATCP 99.126(1), disregarding any
assessment reduction under s.
ATCP 99.126(4) (a).
(d) Subtract, from the result in par. (c),
the amount of any assessment reduction given under s.
ATCP 99.126(4) (a).
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