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MS SB2910
Bill
AI Summary
- Amends Section 69-2-13 of the Mississippi Code to remove a scheduled change to the maximum aggregate loan amount available under the Emerging Crops Fund
- The Emerging Crops Fund provides loans and grants to farmers, agribusinesses, greenhouse production horticulture operations, and minority business enterprises through the Mississippi Development Authority
- Current loan limits include up to $1,000,000 for single agribusiness projects, $400,000 maximum aggregate per agribusiness under certain programs, and $200,000 for facility improvements
- The fund also supports minority economic development with up to $29,000,000 in aggregate loans/grants and sweet potato grower loan guaranties up to $17,000,000
- Effective date: July 1, 2012
Legislative Description
Agriculture; remove the prospective change in maximum amount of loans of the Emerging Crops Fund.
Last Action
Died In Committee
3/6/2012
Full Bill Text
No bill text available