Text: HF00562 Text: HF00564 Text: HF00500 - HF00599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. NEW SECTION. 15.221 MINORITY PERSONS IN
1 2 AGRICULTURE FUND.
1 3 1. A minority persons in agriculture fund is created in
1 4 the office of the treasurer of state to be administered by the
1 5 department. The fund shall include moneys appropriated under
1 6 this section, appropriated by the general assembly, and any
1 7 other moneys otherwise available for deposit in the fund.
1 8 Moneys in the fund shall be used to provide grants designed to
1 9 promote and encourage ownership and operation of farms and
1 10 agriculture-related businesses in this state by minority
1 11 persons.
1 12 2. The department shall accept applications for grants
1 13 from the minority persons in agriculture fund from persons who
1 14 meet the following criteria:
1 15 a. The applicant is a minority person as defined in
1 16 section 15.102.
1 17 b. The applicant either has never owned and operated a
1 18 farm or has never owned and operated an agriculture-related
1 19 business.
1 20 c. The applicant intends to own and operate a farm or
1 21 agriculture-related business.
1 22 3. The department shall approve, deny, or defer each
1 23 application submitted pursuant to this section. An
1 24 application submitted to the department shall include all of
1 25 the following:
1 26 a. Information regarding the criteria in subsection 2.
1 27 b. Information regarding the farm or agriculture-related
1 28 business the applicant intends to own and operate.
1 29 c. Information regarding additional funding sources which
1 30 are available to the applicant.
1 31 d. A business plan, a budget, and any other similarly
1 32 related material.
1 33 e. Any additional information requested by the department.
1 34 4. There is appropriated annually from the general fund of
1 35 the state to the minority persons in agriculture fund two
2 1 hundred fifty thousand dollars for distribution as provided in
2 2 this section.
2 3 5. The department shall adopt administrative rules
2 4 pursuant to chapter 17A to administer this section.
2 5 EXPLANATION
2 6 This bill creates a minority persons in agriculture fund
2 7 under the control of the department of economic development.
2 8 The bill provides that moneys in the fund shall be used to
2 9 provide grants designed to promote and encourage ownership and
2 10 operation of farms and agriculture-related business in this
2 11 state by minority persons.
2 12 The bill provides that an eligible applicant must be a
2 13 minority person, must have not previously owned and operated a
2 14 farm or agriculture-related business, and must intend to own
2 15 and operate a farm or agriculture-related business. The bill
2 16 provides that an applicant must submit information relating to
2 17 eligibility criteria, the prospective farm or agricultur-
2 18 related business, additional funding sources, a business plan,
2 19 a budget, and any other information requested by the
2 20 department.
2 21 The bill provides that there shall be appropriated annually
2 22 from the general fund of the state to the minority persons in
2 23 agriculture fund $250,000.
2 24 LSB 2841HH 78
2 25 tm/jw/5
Text: HF00562 Text: HF00564 Text: HF00500 - HF00599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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