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Minnesota Legislature

Office of the Revisor of Statutes

SF 3017

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.
Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.19 1.20
1.21 1.22

A bill for an act
relating to agriculture; providing for a study and report on public and private
funding of a milk volume production loan program.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text beginMILK VOLUME PRODUCTION LOAN PROGRAM FUNDING
STUDY.
new text end

new text begin new text end

new text begin Subdivision 1. new text end

new text begin Study. new text end

new text begin The commissioners of agriculture and employment and
economic development must study the feasibility of a public and private partnership to
fund a milk volume production loan program that would make low-interest loans to dairy
producers of $500 per cow, up to 100 cows per producer, as part of the producers' dairy
capital improvement projects designed to increase milk production in Minnesota. The
study must determine whether there is sufficient interest among agricultural lenders,
private agribusiness, and the dairy industry to establish an adequate revolving loan
fund for the program consisting of private donations matched by public funding from
existing economic development funds, rural development funds, or additional legislative
appropriations.
new text end

new text begin Subd. 2. new text end

new text begin Report. new text end

new text begin By January 2, 2007, the commissioners of agriculture and
employment and economic development must report on the results of the study required in
subdivision 1 to the chairs of the committees of the house of representatives and the senate
with jurisdiction over agricultural policy.
new text end

Sec. 2. new text beginEFFECTIVE DATE.
new text end

new text begin Section 1 is effective the day following final enactment.
new text end