SB 1019 – Expands the allowable uses of the Loan Guaranty Program for agricultural business development loans

• Sponsor: Barnitz
• LR Number: 5286S.01I
• Committee: Agriculture, Food Production and Outdoor Resources
• Last Action: 3/31/2010 - Voted Do Pass S Agriculture, Food Production and Outdoor Resources Committee
• Effective Date: August 28, 2010

Current Bill Summary

SB 1019 - Under current law, the Missouri Agricultural and Small Business Development Authority is authorized to make agricultural business development loans and loan guarantees for the purpose of acquiring or improving agricultural property. This act expands the allowable purposes to include marketing, expanding, acquiring, constructing, or improving an eligible agribusiness.

ERIKA JAQUES