HB 1891 -- Linked Deposits for Agricultural and Small Business
Assistance

Co-Sponsors:  Myers, Foster

This bill makes changes in the Linked Deposits for Agricultural
and Small Assistance Program.  Those changes include:

(1)  Credit unions are added to the eligible lending
institutions allowed to participate in the program.

(2)  Eligible lending institutions making loans to eligible
small businesses, farming operations, agribusinesses, beginning
farmers, and livestock operations are to make such loans at a
rate not more than 1% greater than the rate afforded the deposit
made by the State Treasurer.

(3)  Currently, the State Treasurer may invest no more than $165
million of aggregate deposits for linked deposits to eligible
farming operations, agribusinesses, beginning farmers, and
livestock operations.  The bill permits the State Treasurer to
invest no more than $110 million of aggregate deposits for
linked deposits to eligible farming operations and beginning
farmers.

(4)  Currently, the State Treasurer may invest no more than $55
million of aggregate deposits for linked deposits to eligible
small businesses.  The bill permits the State Treasurer to
invest no more than $110 million of aggregate deposits for
linked deposits to eligible small businesses, agribusinesses,
and livestock operations.