House Journal: Page 1701: Monday, April 26, 1999

31     "Sec. ___.  Section 12.40, subsection 1, Code 1999,

32   is amended to read as follows:
33     1.  As used in this section, "rural small business"
34   means an existing a rural small business, for which
35   local competition does not exist in the principal
36   realm of business activity of that business, and the
37   loss of which will work a hardship on 
the rural
38   community. A rural small business may 
include a
39   grocery store, drug store, gasoline station,
40   convenience store, hardware business, or farm 
supply
41   store.  A rural small business does not 
include a new
42   business.
43     Sec. ___.  Section 12.40, subsection 5, Code 1999,
44   is amended by striking the subsection."
45     5.  By striking page 1, line 35, through page 2,
46   line 1, and inserting the following:
47     "Sec. ___. NEW SECTION.  12.43A  VALUE-ADDED
48   AGRICULTURAL LINKED INVESTMENT LOAN PROGRAMS."
49     6.  Page 2, by striking line 6 and inserting the
50   following:
Page 2  
 1     "     .  "Livestock" means swine or cattle."
 2     7.  Page 2, by inserting after line 11 the
 3   following:
 4     "     .  "Processor" means any person engaged in the
 5   business of turning an agricultural commodity into a
 6   product by physical or chemical modification,
 7   including but not limited to canning, freezing,
 8   drying, dehydrating, cooking, pressing, powdering,
 9   packaging, repacking, baking, heating, mixing,
10   grinding, churning, separating, extracting, cutting,
11   fermenting, eviscerating, preserving, jarring,
12   brewing, or slaughtering."
13     8.  Page 2, by striking lines 21 through 24 and
14   inserting the following:  "section 12.34 to implement
15   value-added agricultural linked investment loan
16   programs, including a traditional livestock producers
17   linked investment loan program in order to increase
18   the availability of lower cost loans to traditional
19   livestock producers, and a value-added processing
20   linked investment loan program in order to stimulate
21   existing businesses or to encourage the establishment
22   of new businesses that are involved in processing
23   agricultural commodities and encouraging the
24   production of agricultural commodities if a shortage
25   in production exists."
26     9.  Page 2, line 25, by inserting after the word
27   "loan" the following:  "under the traditional
28   livestock producers linked investment loan program".
29     10.  Page 3, by striking lines 9 through 17 and

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