2019 Regular Session
|At the request of:|
|Bill Title:||Relating to loan programs for family farmers; declaring an emergency.|
Creates Family Farmer Loan Program within Oregon Business Development Department for purpose of making direct loans to family farmers, including beginning family farmers, to finance farming operations.
Directs department to specify eligibility criteria, application process and approval process for loan program. Specifies minimum and maximum percentage rate for loans from program and specifies that loan terms may not exceed 30 years. Becomes operative January 1, 2020. Declares emergency, effective on passage.
|Fiscal Impact:||May Have Fiscal Impact, But No Statement Yet Issued|
|Revenue Impact:||May Have Revenue Impact, But No Statement Yet Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In House Committee|
|Current Committee:||House Committee On Agriculture and Land Use|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|