348.220. Animal waste facilities loan program guarantees — priorities, limitations. — If the Missouri clean water commission makes available to the authority any funds for implementation of the authority's animal waste facilities loan program, loans made pursuant to that program are eligible for loan guarantees under the provisions of sections 348.185 to 348.225. A loan made under the animal waste facilities loan program may be combined with loans made by eligible lenders under the provisions of sections 348.185 to 348.225, but the eligible lender shall have first priority on payments of defaults from the fund. A loan made under the animal waste facilities loan program shall not be subject to any dollar amount limitation otherwise imposed by any provision of law or a loan guaranteed under the provisions of sections 348.185 to 348.225.
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(L. 1994 H.B. 1248 & 1048)
---- end of effective 28 Aug 1994 ----
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