Section 251.380 - Periodic inspections of licensed grain warehouses and licensed grain dealers - Correction of deficiencies(1) The department shall inspect each licensed grain warehouse at least two (2) times each year. The department's inspection shall include: (a) A determination whether the grain in storage is properly accounted for;(b) An assessment of the storage facilities for fitness; and(c) An assessment of the condition of the grain in storage.(2) The department shall permit a licensee to store grain at another facility that is licensed and located in the Commonwealth of Kentucky, if the requirements for a surety bond or other evidence of financial responsibility set forth in KRS 251.365 are satisfied.(3) A licensee that is short of grain may cover the shortage by:(a) Acquiring additional bond on one hundred percent (100%) of the value of the grain; or(b) Depositing the shortage value of the grain into a special account that is payable jointly to the licensee and the department.(4) The department may allow a licensee that is short of grain to substitute one (1) type of grain for another type of grain on a dollar-for-dollar basis.(5) The department shall inspect each licensed grain dealer at least one (1) time each year. The department's inspection shall include: (a) An inspection of the licensee's scale tickets, settlements, and canceled checks; and(b) Verification that payments are made by the dealer within thirty (30) days of the completion of delivery.(6) A licensee that is short of grain shall correct any deficiencies identified by the department within the deadline mandated by the department.Added by 2019 Ky. Acts ch. 88,§ 12, eff. 8/1/2019.