HB 464 -- LOAN GUARANTEES (King)

Currently, the Missouri Agricultural and Small Business
Development Authority issues certificates of guaranty covering a
first loan guarantee up to 25% of a Single-Purpose Animal
Facility Loan.  This bill increases the guarantee to up to 50% of
a loan.

The bill also decreases from 40% to 20% the immediate redemption
amount of the outstanding loans guaranteed by way of the
Single-Purpose Animal Facility Loan Guarantee Fund.

FISCAL NOTE:  No impact on state funds.

Missouri House of Representatives
Last Updated July 25, 2003 at 10:12 am