Text: H01833 Text: H01835 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 eight". 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 twenty 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 twenty 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 striking line 6 and inserting the 1 50 following: 2 1 " . "Livestock" means swine or cattle." 2 2 #7. Page 2, by inserting after line 11 the 2 3 following: 2 4 " . "Processor" means any person engaged in the 2 5 business of turning an agricultural commodity into a 2 6 product by physical or chemical modification, 2 7 including but not limited to canning, freezing, 2 8 drying, dehydrating, cooking, pressing, powdering, 2 9 packaging, repacking, baking, heating, mixing, 2 10 grinding, churning, separating, extracting, cutting, 2 11 fermenting, eviscerating, preserving, jarring, 2 12 brewing, or slaughtering." 2 13 #8. Page 2, by striking lines 21 through 24 and 2 14 inserting the following: "section 12.34 to implement 2 15 value-added agricultural linked investment loan 2 16 programs, including a traditional livestock producers 2 17 linked investment loan program in order to increase 2 18 the availability of lower cost loans to traditional 2 19 livestock producers, and a value-added processing 2 20 linked investment loan program in order to stimulate 2 21 existing businesses or to encourage the establishment 2 22 of new businesses that are involved in processing 2 23 agricultural commodities and encouraging the 2 24 production of agricultural commodities if a shortage 2 25 in production exists." 2 26 #9. Page 2, line 25, by inserting after the word 2 27 "loan" the following: "under the traditional 2 28 livestock producers linked investment loan program". 2 29 #10. Page 3, by striking lines 9 through 17 and 2 30 inserting the following: 2 31 " . The borrower must not have sold more than 2 32 five thousand swine or more than one thousand cattle 2 33 in the previous twelve months." 2 34 #11. Page 3, by striking lines 21 through 24 and 2 35 inserting the following: 2 36 " . In order to qualify for a loan under the 2 37 value-added processing linked investment loan program, 2 38 the borrower must be a business engaged in processing 2 39 according to eligibility requirements established by 2 40 rules adopted pursuant to section 12.34. 2 41 . The treasurer of state may participate in a 2 42 loan for any amount pursuant to an investment 2 43 agreement. However, the limits of the treasurer of 2 44 state's participation in a loan shall be as follows: 2 45 a. For the traditional livestock producers linked 2 46 investment loan program, the investment agreement 2 47 shall not apply to that part of the loan in excess of 2 48 one hundred thousand dollars. 2 49 b. For the value-added processing linked 2 50 investment loan program, the investment agreement 3 1 shall not apply to that part of the loan in excess of 3 2 five hundred thousand dollars." 3 3 #12. Title page, line 1, by striking the words 3 4 "assistance to livestock producers under a linked" and 3 5 inserting the following: "for value-added 3 6 agricultural linked investment loan programs,". 3 7 #13. Title page, line 2, by striking the words 3 8 "investment loan program,". 3 9 #14. By renumbering as necessary. 3 10 3 11 3 12 3 13 MERTZ of Kossuth 3 14 HF 779.507 78 3 15 da/jw
Text: H01833 Text: H01835 Text: H01800 - H01899 Text: H Index Bills and Amendments: General Index Bill History: General Index
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