Section 99.235. Contributing grain warehouse keepers; fund assessments.

 

(1)   General. Except as provided in sub. (4) , a contributing grain warehouse keeper shall pay an annual fund assessment for each license year. The annual fund assessment shall be calculated under this section, rather than under s. 126.30 (1) , Stats. Except as provided in sub. (3) or (4) , the annual fund assessment shall be calculated according to sub. (2) .

(2)   Assessment amount.

(a) A contributing grain warehouse keeper who operates grain warehouses with a combined capacity of less than 500,000 bushels shall pay an annual fund assessment equal to the greater of the following amounts:

1. $100.

2. The sum of the amounts calculated under s. 126.30 (1) (a) and (b) , Stats., multiplied by 1.5.

(b) A contributing grain warehouse keeper who operates grain warehouses with a combined capacity greater than 500,000 bushels shall pay an annual fund assessment equal to the greater of the following amounts:

1. $250.

2. The sum of the amounts calculated under s. 126.30 (1) (a) and (1) (b) , Stats., multiplied by 1.5.

(3)   Reduced assessment. A contributing grain warehouse keeper's annual fund assessment under sub. (1) is reduced by the following applicable amounts:

(a) The amount calculated under s. 126.30 (5m) , Stats., if the contributing grain warehouse keeper files security under s. 126.31 (1) (b) , Stats.

(b) The amount of any refund that applies under s. ATCP 99.25 . The refund shall be paid as a credit against the contributing grain warehouse keeper's annual fund assessment for the next license year, as provided in s. ATCP 99.25 (3) .

(c) The amount of any assessment reduction that applies under s. ATCP 99.255 .

(4)   Exemption. A contributing grain warehouse keeper is not required to pay any fund assessment under this section for a license year if all of the following apply.

(a) The grain warehouse keeper was classified as a contributing grain warehouse keeper in each of the 5 license years immediately preceding that license year.

(b) The fund balance attributable to grain warehouse keepers was at least $3 million on May 31 of the last preceding license year.

(c) The overall fund balance was at least $11 million on May 31 of the last preceding license year.

CR 07-073 : cr. Register December 2008 No. 636 , eff. 1-1-09.