348.524. Livestock feed and crop input loan guarantee fund established--use of moneys. - Missouri Statutes

Livestock feed and crop input loan guarantee fund established--use ofmoneys.

348.524. 1. There is hereby established in the state treasury the"Livestock Feed and Crop Input Loan Guarantee Fund". The fund shallconsist of money appropriated to it by the general assembly, charges,gifts, grants and bequests from federal, private or other sources.Notwithstanding the provisions of section 33.080, RSMo, no portion of thefund shall be transferred to the general revenue fund.

2. All moneys received by the authority for payments made onpreviously defaulted guaranteed loans shall be paid promptly into the statetreasury and deposited in the fund.

3. The fund shall be administered by the Missouri agricultural andsmall business development authority organized under sections 348.005 to348.180.

4. Beginning with fiscal year 2008-09, the general assembly mayappropriate moneys not to exceed four million dollars for the establishmentand initial funding of the livestock feed and crop input loan guaranteefund.

(L. 2008 S.B. 931)