Louisiana 2012 Regular Session

Louisiana Senate Bill SB148

Introduced
3/12/12  
Refer
3/12/12  
Report Pass
3/20/12  
Engrossed
3/27/12  
Refer
3/28/12  
Report Pass
4/23/12  
Enrolled
5/10/12  
Chaptered
5/14/12  

Caption

Provides relative to changes in the Agricultural Commodity Dealer and Warehouse Law and repeals certain provisions related to cooperative marketing agreements. (gov sig)

Impact

This bill's enactment is poised to modernize the framework governing agricultural commodity transactions in Louisiana. By repealing outdated statutes and consolidating the licensing requirements, the legislation aims to simplify compliance for dealers and foster an environment conducive to the agricultural industry. Such adjustments can streamline processes, potentially benefiting operators by minimizing bureaucratic obstacles associated with obtaining necessary licenses.

Summary

Senate Bill 148 seeks to amend and update provisions of the Agricultural Commodity Dealer and Warehouse Law, clarifying regulations surrounding warehouse operations and repealing older, less relevant laws. The bill intends to enhance the licensing process for agricultural commodities dealers, providing specific requirements regarding financial accountability for license applicants. Notably, it allows for alternate securities to be employed instead of traditional bonds, enabling grain dealers to utilize property as collateral under certain conditions.

Sentiment

Overall sentiment regarding SB 148 appears to be supportive within legislative discussions, with advocates emphasizing the benefits of improved efficiency and regulatory clarity in the state's agricultural sector. It is positioned as a measure aimed at facilitating operations for grain dealers and warehouses, though any dissent may stem from concerns about the security measures introduced, particularly regarding the use of alternate securities.

Contention

While the bill aims for streamlined operations, some stakeholders may express apprehension regarding the adequacy of the alternate securities proposed, particularly in terms of ensuring financial stability and safeguarding against potential losses in the agricultural market. Legislative debates may surface concerning the balance between easing operational burdens for dealers and maintaining robust protections that uphold industry integrity.

Companion Bills

No companion bills found.

Previously Filed As

LA SB147

Provides relative to changes in the Agricultural Commodity Dealer and Warehouse Law. (gov sig)

LA HB765

Amends the Agricultural Commodities Dealer and Warehouse Law (EN NO IMPACT See Note)

LA SB89

Provides relative to changes in the Agricultural Commodities Dealer and Warehouse Law. (gov sig)

LA HB592

Provides with respect to the Agricultural Commodities Dealer and Warehouse Law

LA HB496

Provides relative to grain buyers within the agricultural commodity dealer and warehouse law and to the Grain and Cotton Indemnity Fund (EN SEE FISC NOTE SD RV See Note)

LA SB212

Provides relative to the membership of the Louisiana Agricultural Commodities Commission. (gov sig)

LA HB1393

Grain and seed warehouses, grain buyers, insolvent grain warehousemen, uniform accounting for public elevators and warehouses, and credit-sale contracts indemnity; to provide a penalty; and to provide a continuing appropriation.

LA SB2479

Mississippi grain warehouse and grain dealers licensure law; revise and combine into grain handler license.

LA SB367

Provides relative to the Louisiana Real Estate Appraisers Board. (gov sig)

LA SB148

Provides relative to the Department of Agriculture and Forestry and provides for technical changes. (gov sig)

Similar Bills

IL HB2987

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NJ A4777

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NJ S1117

Requires certain warehouse operators to implement air pollution reduction and mitigation plans.

NJ A3254

Requires certain warehouse operators to implement air pollution reduction and mitigation plans.

CA SB656

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NJ A1764

Requires certain warehouse operators to implement air pollution reduction and mitigation plans.

TX SB248

Relating to the regulation of public grain warehouse operators.

TX HB1324

Relating to the regulation of public grain warehouse operators.