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State of South Dakota
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SEVENTY-FOURTH
SESSION
LEGISLATIVE ASSEMBLY, 1999 |
| 345C0542 |
SENATE STATE AFFAIRS COMMITTEE
ENGROSSED
NO.
SB120
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2/4/99
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| Introduced by: Senators Olson, Benson, Daugaard, Dennert, and Symens and Representatives Jaspers, Burg, Chicoine, Crisp, Fischer-Clemens, Fryslie, Haley, Kazmerzak, Nachtigal, Patterson, and Waltman |
FOR AN ACT ENTITLED, An Act to
authorize REDI fund loans for certain value-added
agricultural projects and activities.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That chapter 1-16G be amended by adding thereto a NEW SECTION to read as follows:
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That chapter 1-16G be amended by adding thereto a NEW SECTION to read as follows:
The Board of Economic Development shall promulgate rules pursuant to chapter 1-26 to
make loans from the revolving economic development and initiative fund for value-added
agricultural projects and activities. The rules shall establish criteria for the qualification,
application, payment, and repayment of funds. Such criteria shall be appropriate to the needs and
characteristics of value-added agricultural projects and activities. The rules shall exempt the
proposed projects and activities from primary industry and primary job creation requirements and
shall specify circumstances under which matching requirements may be rescinded or modified.
BILL HISTORY
1/25/99 First read in Senate and referred to State Affairs. S.J. 177
2/3/99 Scheduled for Committee hearing on this date.
2/3/99 State Affairs Do Pass Amended, Passed, AYES 8, NAYS 1. S.J. 312
BILL HISTORY
1/25/99 First read in Senate and referred to State Affairs. S.J. 177
2/3/99 Scheduled for Committee hearing on this date.
2/3/99 State Affairs Do Pass Amended, Passed, AYES 8, NAYS 1. S.J. 312
