(1) Initial assessments shall be collected beginning January 1, 2027, and shall be collected until the board determines that the amount in the Grain Indemnity Trust Fund is Twenty-five Million Dollars ($25,000,000.00).
(2) If the amount in the Grain Indemnity Trust Fund is less than Twenty-five Million Dollars ($25,000,000.00) or the board has determined that the failure of a first purchaser licensee will likely result in the issuance of payments to claimants that will reduce the amount in the Grain Indemnity Trust Fund to less than Twenty Million Dollars ($20,000,000.00) at the end of the current fiscal year, assessments shall be required beginning January 1 of the following calendar year.
(3) If the amount in the Grain Indemnity Trust Fund exceeds Twenty-Five Million Dollars ($25,000,000.00) at any time during a calendar year when assessments are being collected, assessments shall continue until the end of such calendar year without regard to the maximum amount authorized to be in the fund.