Bill > HB1136

This bill modifies the penalty structure for oilseed producers who fail to submit required assessments to the North Dakota Oilseed Council. Specifically, the bill changes the existing penalty provision by introducing a new two-part penalty approach: first purchasers who do not submit mandated assessments will now be subject to either a flat $500 fine or a penalty of 10% of the amount due, whichever is greater. This represents a modification from the previous language which only specified a percentage-based penalty. Additionally, the bill maintains the existing provision that interest will continue to accrue at 6% per annum from the original due date. The purpose of such a penalty is to ensure compliance and timely submission of required financial assessments by businesses involved in the oilseed industry, thereby supporting the operations and funding of the state's oilseed council.

Agriculture and Natural Resources

https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo1136.html