|
|
|
|
94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB0941
Introduced 2/2/2005, by Rep. Robert F. Flider SYNOPSIS AS INTRODUCED:
|
|
|
|
Amends the Grain Code. Makes a technical change in a Section concerning the purpose of the Code.
|
| |
|
|
|
|
A BILL FOR
|
|
|
|
|
HB0941 |
|
LRB094 06127 JAM 36192 b |
|
|
| 1 |
| AN ACT concerning warehouses.
|
| 2 |
| 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:
|
| 6 |
| (240 ILCS 40/1-5)
|
| 7 |
| Sec. 1-5. Purpose. It is
the
the primary purpose of this |
| 8 |
| Code to promote the State's welfare by
improving the economic |
| 9 |
| stability of agriculture through the
existence of the Illinois |
| 10 |
| Grain Insurance Fund in order to protect
producers in the event |
| 11 |
| of the failure of a licensed grain dealer or
licensed |
| 12 |
| warehouseman and to ensure the existence of an adequate
|
| 13 |
| resource so that persons holding valid claims may be |
| 14 |
| compensated
for losses occasioned by the failure of a licensed |
| 15 |
| grain dealer or
licensed warehouseman.
To that end, this Code |
| 16 |
| shall be liberally construed and liberally
administered in |
| 17 |
| favor of claimants. |
| 18 |
| In addition, the Illinois grain industry comprises a |
| 19 |
| significant and vital
part of the State's economy and as such |
| 20 |
| can function to its fullest competitive
and profitable |
| 21 |
| potential, thus contributing to the economic health of this
|
| 22 |
| State, when it operates under a coordinated and integrated |
| 23 |
| regulatory
structure. Thus, a further purpose of this Code is |
| 24 |
| to provide a single system
of governmental regulation of the |
| 25 |
| Illinois grain industry.
|
| 26 |
| (Source: P.A. 93-225, eff. 7-21-03.)
|