Bill Text: IL HB0931 | 2023-2024 | 103rd General Assembly | Introduced

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Bill Title: Amends the Grain Code. Makes a technical change in a Section concerning rules adopted to implement the Code.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2023-03-27 - Rule 19(a) / Re-referred to Rules Committee [HB0931 Detail]

Download: Illinois-2023-HB0931-Introduced.html

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103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB0931 Introduced , by Rep. Emanuel Chris Welch SYNOPSIS AS INTRODUCED:
240 ILCS 40/1-25
Amends the Grain Code. Makes a technical change in a Section concerning rules adopted to implement the Code.
LRB103 04537 RPS 49543 b
A BILL FOR
HB0931 LRB103 04537 RPS 49543 b
AN ACT concerning warehouses.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Grain Code is amended by changing Section
1-25 as follows:
(240 ILCS 40/1-25)
Sec. 1-25. Rules. The The Department may promulgate rules
that are necessary for the implementation and administration
of this Code.
(a) The Department shall adopt rules governing electronic
systems under which electronic warehouse receipts are issued
and transferred. Licensees shall not be required, however, to
issue or use electronic warehouse receipts. These rules shall
be adopted after the United States Department of Agriculture
adopts regulations concerning an electronic receipt transfer
system pursuant to 7 U.S.C. 242, 250.
(b) The Department shall adopt rules governing electronic
price later contracts. Licensees and producers shall not be
required, however, to issue or use electronic price later
contracts.
(Source: P.A. 96-464, eff. 8-14-09.)