Minnesota SF4016 modifies the use of the grain indemnity account to include administrative expenses.

Minnesota SF4016 amends the grain indemnity account to allow the commissioner to allocate funds for administrative expenses, including processing payments, enforcement, record keeping, management, investment fees, and legal expenses. The bill specifies that money from the account can only be transferred if the account contains more than $15,000,000.

Minnesota SF4016 modifies the use of the grain indemnity account to include administrative expenses.

Minnesota SF4016 amends the grain indemnity account to allow the commissioner to allocate funds for administrative expenses, including processing payments, enforcement, record keeping, management, investment fees, and legal expenses. The bill specifies that money from the account can only be transferred if the account contains more than $15,000,000.