Tex. Agric. Code § 41.2035 · Subchapter I. TEXAS GRAIN PRODUCER INDEMNITY BOARD
FUND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The grain producer indemnity fund is a trust fund outside the state treasury to be held and administered by the board, without appropriation, for the payment of claims against a grain buyer who has experienced a financial failure.
(b) The board shall deposit assessments remitted under Section 41.206 in the fund.
(c) Interest or other income from investment of the fund shall be deposited to the credit of the fund.
(d) As a part of the annual budget proposal procedure described by Section 41.059, the board shall set a minimum balance for the fund to be held in reserve to pay for administrative costs in the event that claims against the fund exceed the total balance of the fund. The board shall post the minimum balance set under this subsection on the board's Internet website.
Notes and commentary — not statutory text
History
Added by Acts 2015, 84th Leg., R.S., Ch. 33 (S.B. 1099), Sec. 3, eff. May 19, 2015.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/AG/htm/AG.41.htm
- Text hash
- sha256 ff9fc82487305fe400fc5f6cfc054faaa0106e190da973fe0e78e878186d5f40
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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