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Capital IconMinnesota Legislature

Legislative Session number- 81

Bill Name: SF0665

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)