Indiana Code 15-15-12-35. Maintaining records and supplying information by first purchaser; audit by council; qualifications of auditor
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Sec. 35. (a) A first purchaser shall keep detailed records of all assessments collected and remitted under this chapter for at least three (3) years.
(c) The council may periodically audit a first purchaser’s checkoff assessment and remittance records kept under subsection (a). An audit must be conducted by:
(b) Upon request, a first purchaser shall supply the council with any information from records kept under subsection (a).
Terms Used In Indiana Code 15-15-12-35
- council: refers to the Indiana corn marketing council established by section 17 of this chapter. See Indiana Code 15-15-12-4
- first purchaser: means a person who is engaged in Indiana in the business of buying corn from producers. See Indiana Code 15-15-12-8
(1) a qualified public accountant of the council’s choosing; or
(2) an auditor who is familiar with the:
(A) storage;
(B) conditioning;
(C) shipping; and
(D) handling;
of agricultural commodities.
The costs of the audit shall be paid by the council.
[Pre-2008 Recodification Citation: 15-4-10-27.]
As added by P.L.2-2008, SEC.6. Amended by P.L.148-2009, SEC.9.