Minnesota SF2315 requires excess funds in the grain indemnity account to be transferred to the agricultural emergency account.

Minnesota SF2315 amends the grain indemnity account rules to mandate that if the account balance exceeds $15,000,000 on June 30 of any given year and no claims have been paid in the previous 24 months, the commissioner must transfer the excess amount to the agricultural emergency account. This change aims to ensure that funds are appropriately allocated and available for emergency agricultural needs.

Minnesota SF2315 requires excess funds in the grain indemnity account to be transferred to the agricultural emergency account.

Minnesota SF2315 amends the grain indemnity account rules to mandate that if the account balance exceeds $15,000,000 on June 30 of any given year and no claims have been paid in the previous 24 months, the commissioner must transfer the excess amount to the agricultural emergency account. This change aims to ensure that funds are appropriately allocated and available for emergency agricultural needs.