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SF 1473 Senate Long Description

E Requiring and providing for the rural finance authority (RFA) to + establish, adopt rules for and implement a direct no interest loan program to +assist eligible dairy operators in the acquisition of a certain number of +additional mature dairy cows; requiring the authority to provide application +forms and instructions at dairy processing facilities and other places +reasonably accessible to the public by a certain date, requiring submission of +application forms with a written dairy business plan to the authority within the eligibility timeline; restricting use of the loans to the acquisition+ of mature dairy cows and specifying a maximum amount of financing per cow and +the maximum loan term; providing for authority review and approval or denial of +loan applications, requiring issuance of a letter of commitment to the +applicant upon approval; providing for repayment of the loans(ra, ja)