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Synopsis As Introduced Amends the Grain Code. Makes numerous changes, including changes with respect to the following: the purposes of the Code; definitions; examinations of licensees; administrative review; electronic warehouse receipts; bonds; fees and assessments; deposit of funds; criminal history investigations; financial requirements of licensees; price later contracts; fines and criminal penalties; suspension and revocation of licenses; Department of Agriculture expense reimbursement; procedures upon failure of a licensee; designation of administrative law judges; compensation of claimants; and creation of the Regulatory Fund as a trust fund. Effective immediately.
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