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THE REVISED ILLINOIS GRAIN CODE: NEW ASSESSMENTSON FARMERS AND LENDERS

About This Publication

This article discusses the new assessments imposed on both farmers and lenders underPublic Act 93-0225, the 2003 amendments to the Illinois Grain Code. These assessments will
restore solvency to the Illinois Grain Insurance Fund, which guarantees the payment of approved
claims by farmers and lenders when an Illinois-licensed elevator fails. A link to the full text of
the Illinois Grain Code is provided.

ALTB 03 01

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