1. (1) The bond required under Code of Ala. 1975, §8-15-7 above for warehouses storing the following agricultural commodities shall be computed, based upon the total storage capacity of the warehouse or group of warehouses, all under one permit. The total bond shall be subject to the liabilities of each warehouse, under one permit, such warehouses being considered as one for bond requirements.

   1. (a) Cotton - $5.00 per bale.
   2. (b) All agricultural commodities other than cotton 20 cents per bushel. If the warehouse stores on tonnage other than bushel basis, minimum weights of the various commodities per bushel as set out in Chapter 80-13-3 shall be used for conversion to bushels.
2. (2) The Commissioner of Agriculture and Industries may, in his discretion, use the regulations of the Federal Warehouse System for the determination of the total storage capacity of a warehouse.

Author: Charles H. Barnes

Statutory Authority: Code of Ala. 1975, §8-15-2.

History: Filed April 19, 1992.