104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB1012 Introduced , by Rep. Emanuel "Chris" Welch 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. LRB104 04929 RPS 14956 b A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB1012 Introduced , by Rep. Emanuel "Chris" Welch 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. LRB104 04929 RPS 14956 b LRB104 04929 RPS 14956 b A BILL FOR
104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB1012 Introduced , by Rep. Emanuel "Chris" Welch 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.
LRB104 04929 RPS 14956 b LRB104 04929 RPS 14956 b
LRB104 04929 RPS 14956 b
A BILL FOR
HB1012LRB104 04929 RPS 14956 b HB1012 LRB104 04929 RPS 14956 b
HB1012 LRB104 04929 RPS 14956 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
104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB1012 Introduced , by Rep. Emanuel "Chris" Welch 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.
LRB104 04929 RPS 14956 b LRB104 04929 RPS 14956 b
LRB104 04929 RPS 14956 b
A BILL FOR
240 ILCS 40/1-5
LRB104 04929 RPS 14956 b
HB1012 LRB104 04929 RPS 14956 b
HB1012- 2 -LRB104 04929 RPS 14956 b HB1012 - 2 - LRB104 04929 RPS 14956 b
HB1012 - 2 - LRB104 04929 RPS 14956 b
HB1012 - 2 - LRB104 04929 RPS 14956 b