FINAL BILL REPORT

SHB 1285

                                   C 95 L 88

BYHouse Committee on Agriculture & Rural Development (originally sponsored by Representatives Taylor, Day, Padden, S. Wilson, Prince, Bumgarner, Dellwo, Smith, May, Moyer and Silver)

Providing an exemption to the bonding requirements for grain dealers.

House Committe on Agriculture & Rural Development

Senate Committee on Agriculture

SYNOPSIS AS ENACTED

BACKGROUND:

The state's laws regulating grain warehousing require grain dealers to be licensed and bonded.  The annual licensing fee for a grain dealer is $300 unless the dealer is also licensed as a grain warehouseman, in which case the fee is $150.  The minimum bond required for a grain dealer is $50,000.  In lieu of a bond a grain dealer may provide other security acceptable to the Department of Agriculture.

SUMMARY:

A grain dealer who pays for grain only in cash may be exempted by rule from the requirement of the grain warehousing laws that grain dealers be bonded.  The grain dealer may be exempted if the dealer does $100,000 or less in business annually.  The licensing fee for a grain dealer exempted from the bonding requirement is $75.

VOTES ON FINAL PASSAGE:

      House 96   1

      Senate    46     0 (Senate amended)

      House 97   1 (House concurred)

EFFECTIVE:June 9, 1988