Section 21.91.7. Renewal, expiration and reinstatement of license—payment of license and indemnity fund fees.

       91.7(1) Renewals. The bureau shall send to each licensed grain dealer written notice that the application, the license fee and the indemnity fund fee for annual renewal of the grain dealer license shall be received in accordance with Iowa Code section 203.5. If the bureau does not receive the application and fees by the due date, the license shall expire. A license that has expired may be reinstated within 30 days of the date of expiration conditioned on the applicant’s meeting all statutory requirements and the bureau’s receipt of the following within 30 days of the expiration:

        a.           Completed application;

        b.           License and indemnity fund fees; and

        c.           The reinstatement fee prescribed in Iowa Code section 203.6.

       91.7(2) Fees for license periods of less than one year shall be prorated on a month-to-month basis. Fees for license periods of less than one year shall be applicable only under the following circumstances:

        a.           When an application for a new license is filed; or

        b.           When the fiscal year end of a license holder is changed.

This rule is intended to implement Iowa Code sections 203.5 and 203.6.

[ARC 9388B, IAB 2/23/11, effective 3/30/11]