Kentucky Statutes 251.385 – Fund-covered grains, defined — Approval of fund-covered grain status by board required
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(1) The following grains shall be fund-covered grains:
(a) Corn, wheat, soybeans, grain sorghums, rye, barley, oats, or popcorn; and
(b) Other grains that may be approved for “fund-covered grain status” by a majority vote of the board.
(2) The board shall not approve for “fund-covered grain status” any grain that is not publicly traded on at least one (1) exchange in the United States or Canada.
Effective: August 1, 2019
History: Created 2019 Ky. Acts ch. 88, sec. 13, effective August 1, 2019.
(a) Corn, wheat, soybeans, grain sorghums, rye, barley, oats, or popcorn; and
Terms Used In Kentucky Statutes 251.385
- Board: means the State Board of Agriculture. See Kentucky Statutes 251.010
- Grain: means corn, wheat, soybeans, rye, barley, oats, grain sorghums, or popcorn. See Kentucky Statutes 251.010
(b) Other grains that may be approved for “fund-covered grain status” by a majority vote of the board.
(2) The board shall not approve for “fund-covered grain status” any grain that is not publicly traded on at least one (1) exchange in the United States or Canada.
Effective: August 1, 2019
History: Created 2019 Ky. Acts ch. 88, sec. 13, effective August 1, 2019.