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Committee clears changes to grain indemnity fund reporting and governance
Appropriations Committee · February 6, 2025
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Summary
Senate Bill 461 clarifies governance and reporting for Indiana's grain indemnity fund, preserves the fund's separate status, tightens accounting standards and removes some proposed administrative uses; committee passed the bill unanimously.
Senate Bill 461, presented to the Appropriations Committee, clarifies the structure, reporting and allowable uses of Indiana’s grain indemnity (grain insurance) fund, a statutorily separate fund administered under the Department of Agriculture.
Sponsor Senator Lysein told the committee the bill clarifies that the fund is distinct…
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