Section 348.410

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

Chapter 348

Effective - 02 Jul 1999, see footnote   

  348.410.  Agricultural product utilization business development loan program fund established — duties of department of agriculture. — 1.  There is hereby created in the state treasury the "Agricultural Product Utilization Business Development Loan Program Fund".  The fund shall consist of money appropriated to it by the general assembly and investment income on the fund.  Notwithstanding the provisions of section 33.080, no portion of the fund shall be transferred to the general revenue fund.  The money in the program fund shall be used, upon appropriation, for purposes established pursuant to sections 348.400 to 348.415 and for no other purpose.  Moneys necessary for this program may be transferred to this program fund from the fund established pursuant to section 348.408.

  2.  For purposes of this section, the department of agriculture shall, as part of the program administration, establish market promotion activities that assist grant recipients and loan applicants in the planning and marketing of value-added products.  The department of agriculture is specifically authorized to employ qualified individuals to fulfill such duties.

  3.  The department of agriculture shall promote products derived from development facilities and renewable fuel production facilities as defined in section 348.430.

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(L. 1997 H.B. 557, A.L. 1999 H.B. 888)

Effective 7-02-99