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SF 2730 Senate Long Description

Requiring and providing for the rural finance authority to establish +and implement a dairy upgrade pilot loan program to assist in financing +breeding stock and equipment purchases and facilities improvements and in +meeting feedlot and other environmental regulations; specifying certain +borrower eligibility requirements; providing for RFA loan participation with +eligible lenders, specifying certain limits and security requirements and +authorizing an application fee and interest rate adjustments; establishing the rural+ finance authority revolving loan account to replace the revolving fund for +receipt of loan repayments under the value added agricultural product, methane +digester and dairy upgrade loan programs and appropriating money in the +account to the commissioner of agriculture for the programs; transferring remaining +balances in the value added and methane digester revolving funds to the +account (je)