74-541. Legislative findings and declarations.

217 words·~1 min read·/ks/chapter-74/74-541

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

74-541. Legislative findings and declarations. The legislature finds and declares as follows:

(a)That there exists in this state a pressing need to bring financial aid to the agricultural economy;

(b)that there currently exists in this state an inadequate supply of funds at interest rates sufficiently low to enable persons engaged in agriculture in this state to continue their operations at current production levels;

(c)that such inability to continue operations over a period of time will decrease available employment in the agricultural sector of the state and result in unemployment and its attendant problems;

(d)that the federal farmers home administration currently has a huge backlog of loan applications and has need for additional personnel to process this backlog and help make such money available to Kansas farmers;

(e)that current bank employees, retired bankers and other persons who have an agricultural lending background could be of assistance in processing such applications and in counseling farm borrowers; and

(f)that in order to help alleviate the current shortage of funds and to speed the processing and distribution of funds available through the federal farmers home administration a cooperative effort between state and private nonprofit organizations or professional and trade associations should be undertaken to help process the funds which are available on a timely basis.