93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
SB2183


 
Introduced 1/14/2004, by John O. Jones
 
SYNOPSIS AS INTRODUCED:
 		













240 ILCS 40/1-5










    Amends the Grain Code. Makes a technical change in the purpose Section.



















LRB093 14634 RAS 40147 b




















 


 


A BILL FOR









 














SB2183

LRB093 14634 RAS 40147 b









1
    AN ACT concerning agriculture. 

 
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    Be it enacted by the People of the State of Illinois, 
3
represented in the General Assembly: 


 
4
    Section 5. The Grain Code is amended by changing Section 
5
1-5 as follows:


 



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    (240 ILCS 40/1-5)


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    Sec. 1-5. Purpose. It is
the primary purpose of this Code 
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to promote the State's welfare by
improving the economic 
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stability of agriculture through the
existence of the Illinois 
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Grain Insurance Fund in order to protect
producers in the event 
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of the failure of a licensed grain dealer or
licensed 
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warehouseman and to ensure the existence of an adequate

13
resource so that persons holding valid claims may be 
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compensated
for losses occasioned by the failure of a licensed 
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grain dealer or
licensed warehouseman.
To that end, this Code 
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shall be liberally construed and liberally
administered in 
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favor of claimants.

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    In addition, the Illinois grain industry in Illinois

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comprises a significant and vital
part of the State's economy 
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and as such can function to its fullest competitive
and 
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profitable potential, thus contributing to the economic health 
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of this
State, when it operates under a coordinated and 
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integrated regulatory
structure. Thus, a further purpose of 
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this Code is to provide a single system
of governmental 
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regulation of the Illinois grain industry.

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(Source: P.A. 93-225, eff. 7-21-03.)