Mississippi Senate Bill 2631: The Mississippi Grain Indemnity Act; establish.

Mississippi · 2026 Regular Session

What it does

An Act To Create New Section 75-46-1, Mississippi Code Of 1972, To Establish The "mississippi Grain Indemnity Act"; To Create New Section 75-46-3, Mississippi Code Of 1972, To Define The Relevant Terms Of This Act; To Create New Section 75-46-5, Mississippi Code Of 1972, To Create The Mississippi Grain Indemnity Board; To Outline The Purpose, Composition And Duties Of The Board; To Create The Mississippi Grain Indemnity Trust Fund Within The State Treasury; To Create New Section 75-46-7, Mississippi Code Of 1972, To Provide That The Grain Indemnity Trust Fund Shall Be Administered By The Board; To Create New Section 75-46-9, Mississippi Code Of 1972, To Provide That Beginning January 1, 2027, Grain Producers Will Be Charged An Assessment Equal To .2% Of All Marketed Grain That Is Sold To A First Purchaser Licensee; To Create New Section 75-46-11, Mississippi Code Of 1972, To Provide How Grain Assessments Shall Be Collected; To Create New Section 75-46-13, Mississippi Code Of 1972, To Provide That The Grain Indemnity Trust Fund Shall Not Fall Below $20,000,000.00 At The End Of The Fiscal Year; To Create New Section 75-46-15, Mississippi Code Of 1972, To Require That First…

Latest action

Approved by Governor (2026-03-13)

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