SB 0388 Increases the amount borrowers can be guaranteed from the single purpose animal facilities loan guarantee fund
Sponsor:Klindt Co-Sponsor(s)
LR Number:1147S.01T Fiscal Note:1147-01
Committee:Agriculture, Conservation, Parks & Natural Resources
Last Action:07/11/03 - Signed by Governor Journal page:
Effective Date:August 28, 2003
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Current Bill Summary

SB 388 - This act increases the amount to eligible borrowers that can be guaranteed from the Single Purpose Animal Facilities Loan Guarantee Fund from 25% to 50% of the amount borrowed with a limit of $250,000. This act decreases the amount to total outstanding guaranteed loans for immediate redemption of 20% of the outstanding loans at any one time. This amount is decreased from 40%.