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House Journal: Page 1738: Friday, April 17, 1998

29   employee of a family farm corporation.
30     (b)  A member or manager of a family farm limited
31   liability company.
32     (c)  A general partner of a family farm limited
33   partnership.
34     (d)  A beneficiary of a family trust.
35     (3)  A networking farmers entity."
36     5.  Page 4, by inserting after line 2, the
37   following:
38     "__.  "Biotechnology enterprise" means an
39   enterprise organized under the laws of this state
40   using biological techniques for the development of
41   specialized plant or animal characteristics for
42   beneficial nutritional, commercial, or industrial
43   purposes."
44     6.  Page 4, by inserting after line 9 the
45   following:
46     "   .  "Family farm entity" means a family farm
47   corporation, family farm limited liability company,
48   family farm limited partnership, or family trust as
49   defined in section 9H.1."
50     7.  Page 4, by striking lines 15 and 16, and

Page 2  

 1   inserting the following:
 2     "___.  "Iowa agricultural industry venture" means
 3   an enterprise involving any of the following:
 4     a.  Agricultural producers investing in a new".
 5     8.  Page 4, line 21, by striking the word "a." and
 6   inserting the following:  "(1)".
 7     9.  Page 4, line 24, by striking the word "b." and
 8   inserting the following:  "(2)".
 9     10.  Page 4, line 26, by striking the word "c."
10   and inserting the following:  "(3)".
11     11.  Page 4, line 28, by striking the word "d."
12   and inserting the following:  "(4)".
13     12.  Page 4, by inserting after line 30 the
14   following:
15     "b.  An agricultural biotechnology enterprise
16   located in this state, if the purpose of research and
17   application of biological techniques conducted by the
18   enterprise is to accomplish all of the following:
19     (1)  The creation and retention of wealth in this
20   state.
21     (2)  Increasing the value of agricultural
22   commodities."
23     13.  Page 4, by inserting after line 34 the
24   following:
25     "   .  "Networking farmers entity" means the same
26   as defined in section 10.1, as enacted by 1998 Iowa
27   Acts, House File 2335."
28     14.  Page 5, line 3, by striking the words "as

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Last update: Mon Apr 20 13:40:03 CDT 1998
URL: /DOCS/GA/77GA/Session.2/HJournal/01700/01738.html
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