House File 2596 S-5105 Amend House File 2596, as amended, passed, and reprinted by 1 the House, as follows: 2 1. Page 1, by striking lines 5 through 35 and inserting: 3 < b. The grain dealer shall submit to the department , as 4 required by the department, a financial statement that is 5 accompanied by an unqualified opinion based upon an audit 6 a report based on a review performed by a certified public 7 accountant licensed in this state. The department shall 8 not require that a grain dealer submit more than one such 9 unqualified opinion per year. A grain dealer shall submit one 10 or more financial statements to the department in addition to 11 the financial statement accompanied by an unqualified opinion 12 as the report required in this paragraph if the department 13 determines that it is necessary to verify the grain dealer’s 14 financial status or compliance with this section . > 15 2. Page 2, by striking lines 3 through 32 and inserting: 16 < b. The grain dealer shall submit to the department , as 17 required by the department, a financial statement that is 18 accompanied by an unqualified opinion based upon an audit 19 a report based on a review performed by a certified public 20 accountant licensed in this state. The department shall 21 not require that a grain dealer submit more than one such 22 unqualified opinion per year. A grain dealer shall submit one 23 or more financial statements to the department in addition 24 to the financial statement accompanied by an unqualified 25 opinion the report required in this paragraph if the department 26 determines that it is necessary to verify the grain dealer’s 27 financial status or compliance with this section . > 28 3. Page 4, after line 3 by inserting: 29 < Sec. ___. Section 203.15, subsection 4, paragraph c, Code 30 2026, is amended to read as follows: 31 c. The grain dealer fails to submit to the department 32 the grain dealer’s last financial statement accompanied by 33 an unqualified opinion a report based upon an audit a review 34 performed by a certified public accountant licensed in this 35 -1- HF 2596.3461 (2) 91 da/js 1/ 3 #1. #2. #3.

state as required pursuant to section 203.3 . > 1 4. By striking page 4, line 8, through page 5, line 2, and 2 inserting: 3 < b. The warehouse operator shall submit to the department , 4 as required by the department, a financial statement that is 5 accompanied by an unqualified opinion based upon an audit 6 a report based on a review performed by a certified public 7 accountant licensed in this state. The department shall not 8 require that a warehouse operator submit more than one such 9 unqualified opinion per year. A warehouse operator shall 10 submit one or more financial statements to the department 11 in addition to the financial statement accompanied by an 12 unqualified opinion as the report required in this paragraph if 13 the department determines that it is necessary to verify the 14 warehouse operator’s financial status or compliance with this 15 section . > 16 5. Page 5, by striking lines 5 through 34 and inserting: 17 < b. The warehouse operator shall submit to the department , 18 as required by the department, a financial statement that is 19 accompanied by an unqualified opinion based upon an audit 20 a report based on a review performed by a certified public 21 accountant licensed in this state. The department shall not 22 require that a warehouse operator submit more than one such 23 unqualified opinion per year. A warehouse operator shall 24 submit one or more financial statements to the department 25 in addition to the financial statement accompanied by an 26 unqualified opinion as the report required in this paragraph if 27 the department determines that it is necessary to verify the 28 warehouse operator’s financial status or compliance with this 29 section . > 30 6. By renumbering as necessary. 31 ______________________________ COMMITTEE ON AGRICULTURE -2- HF 2596.3461 (2) 91 da/js 2/ 3 #4. #5. #6.