348.230. Linked deposit loans for dairy cows, first year of interest to be paid by authority — fee authorized.
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/mo/chapter-348/348-230A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
348.230. Linked deposit loans for dairy cows, first year of interest to be paid by authority — fee authorized. — 1. The Missouri agricultural and small business development authority, subject to appropriation, shall pay for the first full year of charged interest on any applicable Missouri linked deposit program loan, as provided in sections 30.750 to 30.850 . For the purpose of this section, the term "applicable loan" shall mean any loan made and used solely for the acquisition of dairy cows and other replacement dairy females.
2. The Missouri agricultural and small business development authority may charge a fee for the service in subsection 1 of this section, not to exceed fifty dollars per individual. Revenue generated from the fee shall be used to defray administrative costs.
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(L. 2008 S.B. 931)