Bill > LB895

This bill modifies the Grain Warehouse Act by streamlining the licensing process for warehouses already licensed under the United States Warehouse Act, a federal law that also regulates grain storage. The commission, which is the state agency overseeing grain warehouses, will now establish a simpler application and reduced oversight for these federally licensed facilities. Additionally, the bill changes how annual license fees for warehouses are determined; instead of a fixed schedule based on capacity, the commission will set fees that do not exceed those established for similar services by the U.S. Department of Agriculture's Agricultural Marketing Service for entities with a Commodity Credit Corporation agreement, a federal program that supports agricultural prices and income. Finally, the bill clarifies that warehouses licensed under the United States Warehouse Act are no longer entirely exempt from the state's Grain Warehouse Act, though they will still be subject to specific notification and bonding requirements.

Agriculture and Natural Resources

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=62685