103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB1808 Introduced , by Rep. Tony M. McCombie SYNOPSIS AS INTRODUCED: 240 ILCS 40/1-5 Amends the Grain Code. Makes a technical change in a Section concerning the purpose of the Code. LRB103 28044 RPS 54423 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB1808 Introduced , by Rep. Tony M. McCombie SYNOPSIS AS INTRODUCED: 240 ILCS 40/1-5 240 ILCS 40/1-5 Amends the Grain Code. Makes a technical change in a Section concerning the purpose of the Code. LRB103 28044 RPS 54423 b LRB103 28044 RPS 54423 b A BILL FOR
103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB1808 Introduced , by Rep. Tony M. McCombie SYNOPSIS AS INTRODUCED:
240 ILCS 40/1-5 240 ILCS 40/1-5
240 ILCS 40/1-5
Amends the Grain Code. Makes a technical change in a Section concerning the purpose of the Code.
LRB103 28044 RPS 54423 b LRB103 28044 RPS 54423 b
LRB103 28044 RPS 54423 b
A BILL FOR
HB1808LRB103 28044 RPS 54423 b HB1808 LRB103 28044 RPS 54423 b
HB1808 LRB103 28044 RPS 54423 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
11 event 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
103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB1808 Introduced , by Rep. Tony M. McCombie SYNOPSIS AS INTRODUCED:
240 ILCS 40/1-5 240 ILCS 40/1-5
240 ILCS 40/1-5
Amends the Grain Code. Makes a technical change in a Section concerning the purpose of the Code.
LRB103 28044 RPS 54423 b LRB103 28044 RPS 54423 b
LRB103 28044 RPS 54423 b
A BILL FOR
240 ILCS 40/1-5
LRB103 28044 RPS 54423 b
HB1808 LRB103 28044 RPS 54423 b
HB1808- 2 -LRB103 28044 RPS 54423 b HB1808 - 2 - LRB103 28044 RPS 54423 b
HB1808 - 2 - LRB103 28044 RPS 54423 b
1 to provide a single system of governmental regulation of the
2 Illinois grain industry.
3 (Source: P.A. 93-225, eff. 7-21-03.)
HB1808 - 2 - LRB103 28044 RPS 54423 b