2005 Idaho Code - 69-264 — MINIMUM BALANCE -- SUBSEQUENT PAYMENTS

                                  TITLE  69
                                  WAREHOUSES
                                  CHAPTER 2
                             BONDED WAREHOUSE LAW
    69-264.  MINIMUM BALANCE -- SUBSEQUENT PAYMENTS. The minimum balance in
the commodity indemnity fund, which shall be used exclusively for purposes of
paying claimants pursuant to this chapter and chapter 5, title 69, Idaho Code,
shall be two hundred fifty thousand dollars ($250,000). At no time shall the
balance be allowed to fall below the minimum balance. The director may pay
claims, on a pro rata basis if necessary, until the minimum balance is
reached. If the director cannot fully pay a claim before the minimum balance
is reached, he shall, when the commodity indemnity fund contains sufficient
funds, pay off the claim.