Text: S05537 Text: S05539 Text: S05500 - S05599 Text: S Index Bills and Amendments: General Index Bill History: General Index
Get Version To Print
PAG LIN 1 1 Amend House File 2397, as amended, passed, and 1 2 reprinted by the House, as follows: 1 3 #1. Page 1, lines 8 and 9, by striking the words 1 4 "crops or nontraditional crops in this state" and 1 5 inserting the following: "crops,ornontraditional 1 6 crops, or nontraditional livestock in this state, 1 7 including but not limited to the breeding or training 1 8 of horses and dogs which are involved in racing at a 1 9 facility licensed pursuant to chapter 99D,". 1 10 #2. Page 1, by inserting after line 24 the 1 11 following: 1 12 "Sec. . Section 12.33, subsection 1, Code 1995, 1 13 is amended by adding the following new paragraph: 1 14 NEW PARAGRAPH. c. That there is an increasing 1 15 expansion of nontraditional livestock production which 1 16 promises new opportunities for agricultural animal 1 17 producers, creates new value-added products, and 1 18 ensures greater diversity in agricultural production. 1 19 Sec. . Section 12.33, subsections 2 and 3, Code 1 20 1995, are amended to read as follows: 1 21 2. The linked investments for tomorrow program 1 22 provided for in this division is intended to provide 1 23 statewide availability of lower cost funds for lending 1 24 purposes that will stimulate existing or encourage new 1 25 businesses in the area of producing, processing, or 1 26 marketing horticulturalorcrops, nontraditional 1 27 crops, or nontraditional livestock, including but not 1 28 limited to the breeding or training of horses and dogs 1 29 which are involved in racing at a facility licensed 1 30 pursuant to chapter 99D. 1 31 3. It is the public policy of the state through 1 32 the linked investments for tomorrow program to create 1 33 an availability of lower cost funds to inject needed 1 34 capital into the business of producing, processing, or 1 35 marketing horticultural crops,ornontraditional 1 36 crops, or nontraditional livestock, including but not 1 37 limited to the breeding or training of horses and dogs 1 38 which are involved in racing at a facility licensed 1 39 pursuant to chapter 99D." 1 40 #3. Page 1, by striking lines 27 through 31 and 1 41 inserting the following: 1 42 "2. The treasurer shall adopt rules pursuant to 1 43 chapter 17A to implement this division including, but 1 44 not limited to, rules identifying horticultural crops, 1 45andnontraditional crops, and nontraditional 1 46 livestock, including but not limited to the breeding 1 47 or training of horses and dogs which are involved in 1 48 racing at a facility licensed pursuant to chapter 99D, 1 49 for which the linked investments may be loaned." 1 50 #4. Page 2, by striking lines 13 through 24 and 2 1 inserting the following: 2 2 "1.2. An eligible lending institution that 2 3 desires to receive a linked investment shall accept 2 4 and review applications for loans from eligible 2 5 borrowers. The lending institution shall apply all 2 6 usual lending standards to determine the credit 2 7 worthiness of each eligible borrower. Loan 2 8 applications shall be for the purchase or lease of 2 9 land, machinery, equipment, seed, fertilizer, direct 2 10 marketing facilities, or new or expanding production, 2 11 processing, or marketing facilities for horticultural 2 12 crops,ornontraditional crops, or nontraditional 2 13 livestock, including but not limited to the breeding 2 14 or training of horses and dogs which are involved in 2 15 racing at a facility licensed pursuant to chapter 99D. 2 16 The maximum size of a loan is two hundred thousand 2 17 dollars per borrower for a production loan and five 2 18 hundred thousand dollars for processing or marketing 2 19 facilities." 2 20 #5. By renumbering as necessary. 2 21 2 22 2 23 2 24 LARRY MURPHY 2 25 HF 2397.502 76 2 26 mk/jw
Text: S05537 Text: S05539 Text: S05500 - S05599 Text: S Index Bills and Amendments: General Index Bill History: General Index
© 1996 Cornell College and League of Women Voters of Iowa
Comments? webmaster@legis.iowa.gov.
Last update: Wed Mar 27 03:25:29 CST 1996
URL: /DOCS/GA/76GA/Legislation/S/05500/S05538/960326.html
jhf