Mississippi Grain Indemnity Act; enact.

An Act To Establish The "mississippi Grain Indemnity Act"; To Create New Section 75-46-1, Mississippi Code Of 1972, To Name The Act As Such; To Create New Section 75-46-3, Mississippi Code Of 1972, To Provide For Definitions To Terminology Used In The Act; To Create New Section 75-46-5, Mississippi Code Of 1972, To Establish The Mississippi Grain Indemnity Board, Provide For Its Composition And The Initial And Subsequent Terms Of Board Members; To Establish The Mississippi Grain Indemnity Trust Fund As A Special Fund In The State Treasury; To Stipulate The Uses Of Monies Deposited Into The Fund; To Create New Section 75-46-7, Mississippi Code Of 1972, To Provide That The Fund Shall Be Administered By The Board, Which Shall Have Authority To Contract With A Third Party To Administer Payments And Handle All Accounting Functions Related To The Fund; To Create New Section 75-46-9, Mississippi Code Of 1972, To Require Grain Producers To Pay An Assessment On All Marketed Grain Sold To A First Purchaser Licensee Beginning On July 1, 2022; To Create New Section 75-46-11, Mississippi Code Of 1972, To Require The Assessment To Be Collected By The First Purchaser Licensee Or Any Agent Or Representative Of The Licensee, Who Shall Deduct Such Assessment From The Purchase Price; To Establish The Date By Which The Licensees Must Submit Assessments To The Board Following Its Collection; To Create New Section 75-46-13, Mississippi Code Of 1972, To Designate The Assessment Collection Period And Establish Amounts For Threshold Trust Fund Balances; To Create New Section 75-46-15, Mississippi Code Of 1972, To Require First Purchaser Licensees To Maintain A Ledger Of All Assessments Collected, Which Such Records Shall Be Made Available To The Board Upon Request; To Limit The Commissioner Of Agriculture And Commerce's Authority To Disclose Information Obtained From The Ledger Of Assessments; To Create New Section 75-46-17, Mississippi Code Of 1972, To Provide That Participation In The Fun