SB 1178 - Klindt, David
Modifies the agricultural business development loan program
Bill Details
Sponsor
LR Number
3697S.02I
Title
SCS SBs 740, 886, & 1178
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2004
Current Status
Bill Combined (SCS SBs 740, 886, 1178) S Agriculture Parks and Natural Resources Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 1178 - This act allows the Missouri Agricultural and Small Business Development Authority (MASBDA) to issue certificates of guaranty covering a first loss up to but not more than fifty percent for eligible borrowers. This act states that outstanding guaranteed loans shall at no time exceed an amount which would allow immediate redemption of twenty percent of the outstanding loans guaranteed by the fund at any one time.
MEGAN CRAIN