| SB 0388 | Increases the amount borrowers can be guaranteed from the single purpose animal facilities loan guarantee fund |
| Sponsor: | Klindt | Co-Sponsor(s) | ||
| LR Number: | 1147S.01T | Fiscal Note: | 1147-01 | |
| Committee: | Agriculture, Conservation, Parks & Natural Resources | |||
| Last Action: | 07/11/03 - Signed by Governor | Journal page: | ||
| Title: | ||||
| Effective Date: | August 28, 2003 | |||
SB 388 - This act increases the amount to eligible borrowers
that can be guaranteed from the Single Purpose Animal Facilities
Loan Guarantee Fund from 25% to 50% of the amount borrowed with a
limit of $250,000. This act decreases the amount to total
outstanding guaranteed loans for immediate redemption of 20% of
the outstanding loans at any one time. This amount is decreased
from 40%.
SARAH MORROW