Kan. Admin. Regs. § 4-25-20

Current through Register Vol. 43, No. 49, December 5, 2024

Section 4-25-20 - Undermeasurements and overmeasurements of stored grain

(a) Each public warehouseman who is determined by the secretary during an examination to be in possession of less grain than is reflected on the licensed public warehouse's daily position report by an amount equal to or greater than either 500 bushels or 1.5 percent of the licensed public warehouse's total grain inventory, separated by commodity, shall adjust the daily position report so that the report reflects the volume of grain actually stored in the licensed public warehouse, by commodity. A public warehouseman who is determined by the secretary during an examination to be in possession of more grain than is reflected on the daily position report shall not be required to adjust the public warehouse's daily position report.

(b) For purposes of this regulation, the volume of grain stored in each licensed public warehouse shall be the volume of grain stored in the licensed public warehouse on the date and at the time that the licensed public warehouse's daily position report is provided to the secretary at the beginning of an examination.

Authorized by and implementing K.S.A. 34-102; adopted by Kansas Register Volume 41, No. 32; effective 8/26/2022.