SF 665 Senate Long Description
Authorizing the rural finance authority (RFA) to establish, adopt rules for and implement a loan and grant program to provide capital for cooperatively owned livestock slaughter and processing plants; establishing a livestock processing plant development fund to be used for the program; specifying certain program requirements and assistance and interest rate limits, requiring forgiveness of outstanding loan balances after a certain number of months of plant operation; requiring the commissioner of agriculture to make cash payments to cooperatives operating livestock processing plants, specifying eligibility and certain limits; appropriating money to the commissioner for both programs (ra)