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Senate File 2010

Partial Bill History

Bill Introduced: S.J. 25
Committee Report Issued: S.J. 115 H.J. 818
Passed House: H.J. 1708
Passed Senate: S.J. 688 S.J. 1350
Signed by Governor: S.J. 1456
Complete Bill History

Bill Text

PAG LIN
  1  1                                           SENATE FILE 2010
  1  2 
  1  3                             AN ACT 
  1  4 RELATING TO THE TRADITIONAL LIVESTOCK PRODUCER'S LINKED INVEST-
  1  5    MENT LOAN PROGRAM BY MODIFYING ELIGIBILITY REQUIREMENTS,
  1  6    AND PROVIDING FOR A TEMPORARY PREFERENCE IN EXECUTING
  1  7    AGREEMENTS.  
  1  8 
  1  9 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  1 10 
  1 11    Section 1.  DIRECTIONS TO TREASURER OF STATE –
  1 12 PSEUDORABIES.  When entering into agreements with eligible
  1 13 lending institutions to receive traditional livestock
  1 14 producers linked investment loans as provided in section
  1 15 12.43A, the treasurer of state shall provide a preference in
  1 16 entering into agreements in order to increase the availability
  1 17 of lower cost loans to traditional livestock producers who
  1 18 have liquidated swine herds on or after March 1, 2000,
  1 19 including by depopulation, due to the infection of
  1 20 pseudorabies.
  1 21    Sec. 2.  Section 12.43A, subsection 1, paragraph d, Code
  1 22 Supplement 1999, is amended to read as follows:
  1 23    d.  "Traditional livestock producer" means a person who is
  1 24 the owner and operator of livestock subject to care and
  1 25 feeding at a livestock operation in which the person holds a
  1 26 legal interest.  The person may own the livestock or own the
  1 27 livestock jointly with another person.  As the owner operator,
  1 28 the The person must make daily be actively engaged in the
  1 29 livestock operation by making management decisions and perform
  1 30 performing physical work which significantly contributes to
  1 31 relating to the care and feeding of the livestock on a
  1 32 regular, continuous, and substantial basis in a manner that is
  1 33 essential to the success of the livestock operation.
  1 34    Sec. 3.  Section 12.43A, subsection 3, paragraphs c and d,
  1 35 Code Supplement 1999, are amended to read as follows:
  2  1    c.  The gross income earned by the borrower's farm
  2  2 operation must be more than fifty thousand dollars but not
  2  3 more than three five hundred thousand dollars for the
  2  4 borrower's last tax year.
  2  5    d.  At least fifty percent of the average annual gross
  2  6 income earned by the borrower's farm operation during the last
  2  7 tax year must derive derives from livestock owned and sold by
  2  8 the borrower.  The average annual gross income shall be
  2  9 computed as the average of the gross income earned by the farm
  2 10 operation in the three preceding tax years.
  2 11    Sec. 4.  REPEAL.  Section 1 of this Act is repealed on July
  2 12 1, 2001.  
  2 13 
  2 14 
  2 15                                                             
  2 16                               MARY E. KRAMER
  2 17                               President of the Senate
  2 18 
  2 19 
  2 20                                                             
  2 21                               BRENT SIEGRIST
  2 22                               Speaker of the House
  2 23 
  2 24    I hereby certify that this bill originated in the Senate and
  2 25 is known as Senate File 2010, Seventy-eighth General Assembly.
  2 26 
  2 27 
  2 28                                                             
  2 29                               MICHAEL E. MARSHALL
  2 30                               Secretary of the Senate
  2 31 Approved                , 2000
  2 32 
  2 33 
  2 34                                
  2 35 THOMAS J. VILSACK
  3  1 Governor

Text: SF02009                           Text: SF02011
Text: SF02000 - SF02099                 Text: SF Index
Bills and Amendments: General Index     Bill History: General Index

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