Text: H03439 Text: H03441 Text: H03400 - H03499 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend Senate File 146 as follows: 1 2 #1. Page 1, by inserting before line 1 the 1 3 following: 1 4 "Section 1. Section 12.32, subsection 1, Code 1 5 1995, is amended to read as follows: 1 6 1. "Eligible borrower" means any person who is in 1 7 the business or is entering the business of producing, 1 8 processing, or marketing horticultural crops,or1 9 nontraditional crops, or nontraditional livestock in 1 10 this state, including but not limited to the breeding 1 11 or training of Iowa-foaled horses and Iowa-whelped 1 12 dogs which are involved in racing at a facility 1 13 licensed pursuant to chapter 99D. 1 14 Sec. . Section 12.33, subsection 1, Code 1995, 1 15 is amended by adding the following new paragraph: 1 16 NEW PARAGRAPH. c. That there is an increasing 1 17 expansion of nontraditional livestock production which 1 18 promises new opportunities for agricultural animal 1 19 producers, creates new value-added products, and 1 20 ensures greater diversity in agricultural production. 1 21 Sec. . Section 12.33, subsections 2 and 3, Code 1 22 1995, are amended to read as follows: 1 23 2. The linked investments for tomorrow program 1 24 provided for in this division is intended to provide 1 25 statewide availability of lower cost funds for lending 1 26 purposes that will stimulate existing or encourage new 1 27 businesses in the area of producing, processing, or 1 28 marketing horticulturalorcrops, nontraditional 1 29 crops, or nontraditional livestock, including but not 1 30 limited to the breeding or training of Iowa-foaled 1 31 horses and Iowa-whelped dogs which are involved in 1 32 racing at a facility licensed pursuant to chapter 99D. 1 33 3. It is the public policy of the state through 1 34 the linked investments for tomorrow program to create 1 35 an availability of lower cost funds to inject needed 1 36 capital into the business of producing, processing, or 1 37 marketing horticultural crops,ornontraditional 1 38 crops, or nontraditional livestock, including but not 1 39 limited to the breeding or training of Iowa-foaled 1 40 horses and Iowa-whelped dogs which are involved in 1 41 racing at a facility licensed pursuant to chapter 99D. 1 42 Sec. . Section 12.34, subsection 2, Code 1995, 1 43 is amended to read as follows: 1 44 2. The treasurer shall adopt rules pursuant to 1 45 chapter 17A to implement this division including, but 1 46 not limited to, rules identifying horticultural crops, 1 47andnontraditional crops, and nontraditional 1 48 livestock, including but not limited to the breeding 1 49 or training of Iowa-foaled horses and Iowa-whelped 1 50 dogs which are involved in racing at a facility 2 1 licensed pursuant to chapter 99D, for which the linked 2 2 investments may be loaned. 2 3 Sec. . Section 12.35, subsection 1, Code 1995, 2 4 is amended to read as follows: 2 5 1. An eligible lending institution that desires to 2 6 receive a linked investment shall accept and review 2 7 applications for loans from eligible borrowers. The 2 8 lending institution shall apply all usual lending 2 9 standards to determine the credit worthiness of each 2 10 eligible borrower. Loan applications shall be for the 2 11 purchase or lease of land, machinery, equipment, seed, 2 12 fertilizer, direct marketing facilities, or new or 2 13 expanding production, processing, or marketing 2 14 facilities for horticultural crops,ornontraditional 2 15 crops, or nontraditional livestock, including but not 2 16 limited to the breeding or training of Iowa-foaled 2 17 horses and Iowa-whelped dogs which are involved in 2 18 racing at a facility licensed pursuant to chapter 99D. 2 19 The maximum size of a loan is two hundred thousand 2 20 dollars per borrower for a production loan and five 2 21 hundred thousand dollars for processing or marketing 2 22 facilities." 2 23 #2. By renumbering as necessary. 2 24 2 25 2 26 2 27 KREMER of Buchanan 2 28 SF 146.701 76 2 29 da/sc
Text: H03439 Text: H03441 Text: H03400 - H03499 Text: H Index Bills and Amendments: General Index Bill History: General Index
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