2005 Idaho Code - 22-5120 — SEED INDEMNITY FUND

                                  TITLE  22
                         AGRICULTURE AND HORTICULTURE
                                  CHAPTER 51
                           SEED INDEMNITY FUND LAW
    22-5120.  SEED INDEMNITY FUND. (1) There is hereby established, within the
dedicated account, a fund to be known as the seed indemnity fund. The seed
indemnity fund shall consist of assessments remitted pursuant to the
provisions of this chapter and any interest or earnings on the fund balance.
    (2)  All assessments shall be paid to the department and shall be
deposited in the seed indemnity fund. Assessments shall be paid solely by or
on behalf of producers who transfer or deposit for storage a seed crop with a
seed buyer. The state treasurer shall be the custodian of the seed indemnity
fund. Disbursements shall be authorized by the director. No appropriation is
required for disbursements from this fund.
    (3)  The seed indemnity fund shall be used exclusively for paying valid
claims as authorized by this chapter and the necessary fees and expenses of
the department in carrying out its responsibilities under this chapter. If
necessary a portion of the fund may be used to defray the cost of reinsuring
the fund at the discretion of the director. The state of Idaho shall not be
liable for any claims presented against the fund.