| In order to insure the licensee's financial responsibility and |
| to protect potato and rotation crop producers, the commissioner |
| shall require the licensee to file a bond as a prerequisite to |
| the issuance of a license.__The bond must be in a form and amount |
| satisfactory to the commissioner, but not less than $50,000 nor |
| more than $300,000 in the case of dealers and brokers engaged in |
| buying or selling either potatoes or rotation crops, but not |
| both, not less than $50,000 nor more than $400,000 in the case of |
| dealers and brokers engaged in buying and selling both potatoes |
| and rotation crops, or not less than $100,000 nor more than |
| $500,000 in the case of processors, payable to the commissioner |
| in the commissioner's official capacity and conditioned on the |
| full and prompt payment for all potatoes or rotation crops |
| received or purchased from producers or other licensees during |
| the effective period of the license. In the case of processors, |
| the amount of bond required must be based on the licensee's |
| anticipated monthly volume of purchases, but may be adjusted to |
| reflect other federal escrow accounts or bond requirements met by |
| the licensee that satisfy the purposes of this section. |