Legislative Session number- 81

Bill Name: SF0458

Establishing a farm and rural small business loan guarantee program to provide
loans to certain farmers and small businesses suffering a decline in income and
facing economic stress, specifying farmer, small business and participating
lender eligibility requirements; specifying a loan application deadline, certain
evaluation requirements of participating lenders, a maximum interest rate and
certain priority requirements; specifying certain responsibilities of the
commissioner of agriculture and certain cooperating requirements of the
commissioner of commerce, providing for agriculture commissioner payment of the
state share of interest to participating lenders and specifying a maximum
guarantee; appropriating money to the commissioner for interest payments and
loan losses (mk)