SB 1178
Modifies the agricultural business development loan program
Sponsor:
LR Number:
3697S.02I
Committee:
Agriculture, Conservation, Parks & Natural Resources
Last Action:
2/19/2004 - Bill Combined (SCS SBs 740, 886, 1178) S Agriculture Parks and Natural Resources Committee
Journal Page:
Title:
SCS SBs 740, 886, & 1178
Calendar Position:
Effective Date:
August 28, 2004

Current Bill Summary

SB 1178 - This act allows the Missouri Agricultural and Small Business Development Authority (MASBDA) to issue certificates of guaranty covering a first loss up to but not more than fifty percent for eligible borrowers. This act states that outstanding guaranteed loans shall at no time exceed an amount which would allow immediate redemption of twenty percent of the outstanding loans guaranteed by the fund at any one time.

MEGAN CRAIN

Amendments

No Amendments Found.