SECOND REGULAR SESSION

HOUSE BILL NO. 1650

93RD GENERAL ASSEMBLY


 

 

INTRODUCED BY REPRESENTATIVES MYERS (Sponsor), LOEHNER, KELLY, MOORE, HOBBS AND QUINN (Co-sponsors).

                  Read 1st time February 2, 2006 and copies ordered printed.

STEPHEN S. DAVIS, Chief Clerk

4917L.01I


 

AN ACT

To amend chapter 348, RSMo, by adding thereto one new section relating to acquisition of dairy cows.




Be it enacted by the General Assembly of the state of Missouri, as follows:


            Section A. Chapter 348, RSMo, is amended by adding thereto one new section, to be known as section 348.230, to read as follows:

            348.230. The Missouri agricultural and small business development authority, subject to appropriation, shall pay for the first full year of charged interest on any applicable Missouri linked deposit program loan, as provided in sections 30.750 to 30.767, RSMo, and sections 30.800 to 30.850, RSMo. For the purpose of this section, the term "applicable loan" shall mean any loan made and used solely for the acquisition of dairy cows and other replacement dairy females for a Missouri-based and -owned dairy operation.