Loading chat...

OH HB95

Bill

Status

Introduced

3/7/2023

Primary Sponsor

Gary Click

Click for details

Origin

House of Representatives

135th General Assembly (2023-2024)

AI Summary

  • Amends Ohio Revised Code section 926.18 to revise rules for depositor claims against the agricultural commodity depositors fund when a licensed handler fails to pay for commodities.

  • Extends the pricing window for full fund liability from 30 days to 45 days before license suspension and from 90 days to 365 days for deferred payment agreements.

  • Increases fund liability for delayed price agreements from 2 years to an unlimited timeframe prior to handler license suspension.

  • Changes liability percentages for claims outside specified circumstances from 100% to 175% of the first $10,000 of loss and 80% of remaining loss.

  • Limits aggregate recovery to 100% of depositor's loss across all remedies, with depositors required to reimburse the fund if total recovery exceeds this amount.

Legislative Description

Regards claims against agricultural commodity handlers

Commerce

Last Action

Referred to committee: Agriculture

5/7/2024

Committee Referrals

Agriculture5/7/2024

Full Bill Text

No bill text available