Text: H01825 Text: H01827 Text: H01800 - H01899 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 779 as follows: 1 2 #1. Page 1, line 6, by striking the word "eighty- 1 3 eight" and inserting the following: "one hundred 1 4 fifty". 1 5 #2. Page 1, by striking lines 11 through 17 and 1 6 inserting the following: 1 7 "a. The treasurer of state may invest sixty-eight 1 8 million dollars to support programs provided in this 1 9 division other than value-added agricultural linked 1 10 investment loan programs as provided in section 1 11 12.43A. 1 12 b. The treasurer of state may invest the remaining 1 13 amount to support value-added agricultural linked 1 14 investment loan programs as provided in section 1 15 12.43A. Up to forty-two million dollars of the amount 1 16 shall be used to support the traditional livestock 1 17 producers linked investment loan program and up to 1 18 forty million dollars shall be used to support the 1 19 value-added processing linked investment loan 1 20 program." 1 21 #3. Page 1, line 24, by inserting after the figure 1 22 "12.43A." the following: "The agricultural products 1 23 advisory council established in section 15.203, in 1 24 cooperation with the department of economic 1 25 development, shall recommend to the treasurer of state 1 26 eligibility requirements for borrowers to participate 1 27 in the value-added processing linked investment loan 1 28 program as provided in section 12.43A." 1 29 #4. Page 1, by inserting after line 34 the 1 30 following: 1 31 "Sec. . Section 12.40, subsection 1, Code 1999, 1 32 is amended to read as follows: 1 33 1. As used in this section, "rural small business" 1 34 meansan existinga rural small business, for which 1 35 local competition does not exist in the principal 1 36 realm of business activity of that business, and the1 37loss of which will work a hardship on the rural1 38community.A rural small business may include a1 39grocery store, drug store, gasoline station,1 40convenience store, hardware business, or farm supply1 41store. A rural small business does not include a new1 42business.1 43 Sec. . Section 12.40, subsection 5, Code 1999, 1 44 is amended by striking the subsection." 1 45 #5. By striking page 1, line 35, through page 2, 1 46 line 1, and inserting the following: 1 47 "Sec. . NEW SECTION. 12.43A VALUE-ADDED 1 48 AGRICULTURAL LINKED INVESTMENT LOAN PROGRAMS." 1 49 #6. Page 2, by inserting after line 11 the 1 50 following: 2 1 " . "Processor" means any person engaged in the 2 2 business of turning an agricultural commodity into a 2 3 product by physical or chemical modification, 2 4 including but not limited to canning, freezing, 2 5 drying, dehydrating, cooking, pressing, powdering, 2 6 packaging, repacking, baking, heating, mixing, 2 7 grinding, churning, separating, extracting, cutting, 2 8 fermenting, eviscerating, preserving, jarring, 2 9 brewing, or slaughtering." 2 10 #7. Page 2, by striking lines 21 through 24 and 2 11 inserting the following: "section 12.34 to implement 2 12 value-added agricultural linked investment loan 2 13 programs, including a traditional livestock producers 2 14 linked investment loan program in order to increase 2 15 the availability of lower cost loans to traditional 2 16 livestock producers, and a value-added processing 2 17 linked investment loan program in order to stimulate 2 18 existing businesses or to encourage the establishment 2 19 of new businesses that are involved in processing 2 20 agricultural commodities and encouraging the 2 21 production of agricultural commodities if a shortage 2 22 in production exists." 2 23 #8. Page 2, line 25, by inserting after the word 2 24 "loan" the following: "under the traditional 2 25 livestock producers linked investment loan program". 2 26 #9. Page 3, by striking lines 9 through 17 and 2 27 inserting the following: 2 28 " . The total number of livestock sold by the 2 29 borrower during the last twelve months must be as 2 30 follows: 2 31 (1) For a farm operation in which cattle or swine 2 32 are provided care and feeding, the borrower must not 2 33 have sold more than five thousand swine or more than 2 34 one thousand cattle. 2 35 (2) For a farm operation in which cattle or swine 2 36 are not provided care and feeding, the borrower must 2 37 not have sold a number of livestock as provided by 2 38 rules adopted pursuant to section 12.34." 2 39 #10. Page 3, by striking lines 21 through 24 and 2 40 inserting the following: 2 41 " . In order to qualify for a loan under the 2 42 value-added processing linked investment loan program, 2 43 the borrower must be a business engaged in processing 2 44 according to eligibility requirements established by 2 45 rules adopted pursuant to section 12.34. 2 46 . The treasurer of state may participate in a 2 47 loan for any amount pursuant to an investment 2 48 agreement. However, the limits of the treasurer of 2 49 state's participation in a loan shall be as follows: 2 50 a. For the traditional livestock producers linked 3 1 investment loan program, the investment agreement 3 2 shall not apply to that part of the loan in excess of 3 3 one hundred thousand dollars. 3 4 b. For the value-added processing linked 3 5 investment loan program, the investment agreement 3 6 shall not apply to that part of the loan in excess of 3 7 five hundred thousand dollars." 3 8 #11. Title page, line 1, by striking the words 3 9 "assistance to livestock producers under a linked" and 3 10 inserting the following: "for value-added 3 11 agricultural linked investment loan programs,". 3 12 #12. Title page, line 2, by striking the words 3 13 "investment loan program,". 3 14 #13. By renumbering as necessary. 3 15 3 16 3 17 3 18 FREVERT of Palo Alto 3 19 3 20 3 21 3 22 MERTZ of Kossuth 3 23 3 24 3 25 3 26 CONNORS of Polk 3 27 3 28 3 29 3 30 WISE of Lee 3 31 3 32 3 33 3 34 SCHERRMAN of Dubuque 3 35 3 36 3 37 3 38 MURPHY of Dubuque 3 39 3 40 3 41 3 42 WEIGEL of Chickasaw 3 43 3 44 3 45 3 46 DREES of Carroll 3 47 3 48 3 49 3 50 MUNDIE of Webster 4 1 4 2 4 3 4 4 KUHN of Floyd 4 5 4 6 4 7 4 8 STEVENS of Dickinson 4 9 4 10 4 11 4 12 BELL of Jasper 4 13 4 14 4 15 4 16 BUKTA of Clinton 4 17 4 18 4 19 4 20 FALCK of Fayette 4 21 4 22 4 23 4 24 LARKIN of Lee 4 25 4 26 4 27 4 28 COHOON of Des Moines 4 29 4 30 4 31 4 32 MAY of Worth 4 33 4 34 4 35 4 36 O'BRIEN of Boone 4 37 4 38 4 39 4 40 JOCHUM of Dubuque 4 41 4 42 4 43 4 44 MYERS of Johnson 4 45 4 46 4 47 4 48 SCHRADER of Marion 4 49 4 50 5 1 5 2 WARNSTADT of Woodbury 5 3 5 4 5 5 5 6 DOTZLER of Black Hawk 5 7 5 8 5 9 5 10 REYNOLDS of Van Buren 5 11 5 12 5 13 5 14 HOLVECK of Polk 5 15 5 16 5 17 5 18 WITT of Black Hawk 5 19 5 20 5 21 5 22 OSTERHAUS of Jackson 5 23 5 24 5 25 5 26 RICHARDSON of Warren 5 27 5 28 5 29 5 30 KREIMAN of Davis 5 31 5 32 5 33 5 34 THOMAS of Clayton 5 35 5 36 5 37 5 38 FORD of Polk 5 39 5 40 5 41 5 42 CATALDO of Polk 5 43 5 44 5 45 5 46 PARMENTER of Story 5 47 5 48 5 49 5 50 TAYLOR of Linn 6 1 6 2 6 3 6 4 HUSER of Polk 6 5 6 6 6 7 6 8 MASCHER of Johnson 6 9 6 10 6 11 6 12 SHOULTZ of Black Hawk 6 13 HF 779.504 78 6 14 da/jw
Text: H01825 Text: H01827 Text: H01800 - H01899 Text: H Index Bills and Amendments: General Index Bill History: General Index
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