Illinois HB 2208: REGULATION-TECH

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 Full Text of HB2208

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
HB2208

Introduced 2/4/2025, by Rep. Tony M. McCombie 

SYNOPSIS AS INTRODUCED:

240 ILCS 40/1-5

 Amends the Grain Code. Makes a technical change in a Section concerning the purpose of the Code. 

LRB104 11678 RPS 21767 b

A BILL FOR

HB2208LRB104 11678 RPS 21767 b

1 AN ACT concerning warehouses.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly: 

4 Section 5. The Grain Code is amended by changing Section 

51-5 as follows:

6 (240 ILCS 40/1-5)

7 Sec. 1-5. Purpose. It is the the primary purpose of this 

8Code to promote the State's welfare by improving the economic 

9stability of agriculture through the existence of the Illinois 

10Grain Insurance Fund in order to protect producers in the 

11event of the failure of a licensed grain dealer or licensed 

12warehouseman and to ensure the existence of an adequate 

13resource so that persons holding valid claims may be 

14compensated for losses occasioned by the failure of a licensed 

15grain dealer or licensed warehouseman. To that end, this Code 

16shall be liberally construed and liberally administered in 

17favor of claimants.

18 In addition, the Illinois grain industry comprises a 

19significant and vital part of the State's economy and as such 

20can function to its fullest competitive and profitable 

21potential, thus contributing to the economic health of this 

22State, when it operates under a coordinated and integrated 

23regulatory structure. Thus, a further purpose of this Code is 

HB2208- 2 -LRB104 11678 RPS 21767 b

1to provide a single system of governmental regulation of the 

2Illinois grain industry.

3(Source: P.A. 93-225, eff. 7-21-03.)

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