PATENTED SEED ACT

Creates the Patented Seed Act. Requires that a farmer who plants patented seed and seeks to retain seed from the harvest for the purpose of replanting must register with the Department of Agriculture the type of seed and the quantity of seed to be retained. Requires that the farmer pay a $7 fee per bushel, which shall be used by the Department to pay the patent holder and defray administrative costs. Limits a farmer's liability for death, injury, or loss relating to patented seed. Amends the State Finance Act to create the Genetically Engineered Seed Fund as a special fund in the State treasury for the deposit of the fees. Effective immediately.