Texas Agriculture Code 41.207 – Assessments; Applicability of Other Law
Current as of: 2024 | Check for updates
|
Other versions
(a) An assessment levied on grain producers shall be applied by the board to efforts relating to the indemnification of grain producers in this state, including administrative costs of conducting an assessment referendum.
(b) Assessments collected by the board are not state funds and are not required to be deposited in the state treasury.
Terms Used In Texas Agriculture Code 41.207
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
(c) Sections 41.082 and 41.083 do not apply to an assessment collected under this subchapter.