1.1                          A bill for an act 
  1.2             relating to agriculture; changing grain bank license 
  1.3             requirements; repealing the interstate compact on 
  1.4             agricultural grain marketing; amending Minnesota 
  1.5             Statutes 1996, section 236.02, subdivisions 1 and 2; 
  1.6             repealing Minnesota Statutes 1996, sections 236A.01; 
  1.7             and 236A.02. 
  1.8   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.9      Section 1.  Minnesota Statutes 1996, section 236.02, 
  1.10  subdivision 1, is amended to read: 
  1.11     Subdivision 1.  [LICENSING REQUIREMENT.] A person who (1) 
  1.12  operates an establishment that processes grain into feed and (2) 
  1.13  is licensed to buy grain as a public or private local grain 
  1.14  warehouse operator under section 232.22 223.17 may obtain a 
  1.15  license to operate a grain bank.  A person licensed under 
  1.16  section 232.22 to operate a public grain warehouse is not 
  1.17  required to obtain a separate grain bank license.  No person may 
  1.18  conduct a grain bank without a grain bank license or a public 
  1.19  grain warehouse operator's license. 
  1.20     Sec. 2.  Minnesota Statutes 1996, section 236.02, 
  1.21  subdivision 2, is amended to read: 
  1.22     Subd. 2.  [ISSUANCE.] A grain bank license must be obtained 
  1.23  from the department.  The department may issue a grain bank 
  1.24  license when the applicant has complied with the bond 
  1.25  requirements of sections 236.01 to 236.09.  A grain bank license 
  1.26  is required in addition to a license to buy grain as a public or 
  2.1   private local grain warehouse operator and permits the licensee 
  2.2   to conduct a grain bank in accordance with sections 236.01 to 
  2.3   236.09. 
  2.4      Sec. 3.  [REPEALER.] 
  2.5      Minnesota Statutes 1996, sections 236A.01; and 236A.02, are 
  2.6   repealed.