240 ILCS 40/15-20
2021 Illinois Compiled Statutes|Chapter 240 - WAREHOUSES|240 ILCS 40/ - Grain Code.|Article 15 - Violations; Financial Deficiencies; Administrative Penalties; Suspension And Revocation Of License

Sec. 15-20.     Grain quantity and grain quality violations.(a) Grain quantity deficiencies of more than $1,000 but less  than $20,000.(1) If a licensee fails to have a sufficient quantity     of grain in store to meet outstanding storage obligations and the value of the grain quantity deficiency as determined by the formula set forth in subsection (c) of Section 15-20 is more than $1,000 but less than $20,000, the licensee must:(A) post collateral with the Department in an         amount equal to the value of the grain quantity deficiency or $2,500, whichever is greater; and(B) pay a penalty of $250.(2) If a licensee commits 2 violations as set forth     in item (a)(1) of Section 15-20 within a 2 year period, the licensee must:(A) post collateral with the Department in an         amount equal to the value of the grain quantity deficiency or $10,000, whichever is greater; and(B) pay a penalty of $750.(3) If a licensee commits 3 or more violations as set     forth in item (a)(1) of Section 15-20 within a 5 year period, the licensee must:(A) post collateral with the Department in an         amount equal to the value of the grain quantity deficiency or $20,000, whichever is greater; and(B) pay a penalty of no less than $2,000 and no         greater than $20,000.(b) Grain quantity deficiencies of $20,000 or more.(1) If a licensee fails to have sufficient quantity     of grain in store to meet outstanding storage obligations and the value of the grain quantity deficiency as determined by the formula set forth in subsection (c) of Section 15-20 equals or exceeds $20,000, the licensee must:(A) post collateral with the Department in an         amount equal to twice the value of the grain quantity deficiency; and(B) pay a penalty of $500.(2) If a licensee commits 2 violations as set forth     in item (b)(1) of Section 15-20 within a 2 year period, the licensee must:(A) post collateral with the Department in an         amount equal to twice the value of the grain quantity deficiency or $20,000, whichever is greater; and(B) pay a penalty of no less than $750 and no         greater than $15,000.(3) If a licensee commits 3 or more violations as set     forth in item (b)(1) of Section 15-20 within a 5 year period, the licensee must:(A) post collateral with the Department in an         amount equal to twice the value of the grain quantity deficiency or $40,000, whichever is greater; and(B) pay a penalty of no less than $2,000 and no         greater than $20,000.(c) To determine the value of the grain quantity deficiency  for the purposes of this Section, the rate shall be $1 per bushel  for soybeans and 50 cents per bushel for all other grains.(d) If a licensee fails to have sufficient quality of grain in store to meet  outstanding storage obligations when the value of the grain quality deficiency  exceeds  $1,000, the licensee must post collateral with the  Department in an amount equal to the value of the grain quality  deficiency.  For the purposes of this Section, the value of the  grain quality deficiency shall be determined by applying prevailing  market discount factors to all grain quality factors.    (Source: P.A. 93-225, eff. 7-21-03.)