SB 1502

  • Oregon Senate Bill
  • 2020 Regular Session
  • Introduced in Senate Feb 03, 2020
  • Senate
  • House
  • Governor

Relating to assistance for members of agricultural cooperative; prescribing an effective date.

Abstract

Establishes Agricultural Cooperative Member Low-Interest Loan Fund. Continuously appropriates moneys in fund to State Department of Agriculture] Oregon Business Development Department for carrying out loan program. Appropriates moneys from General Fund to State Department of Agriculture for deposit in Agricultural Cooperative Member Low-Interest Loan Fund for biennium ending June 30, 2021.] Limits payment from lottery moneys allocated from Administrative Services Economic Development Fund to department for deposit in Agricultural Cooperative Member Low-Interest Loan Fund for biennium ending June 30, 2021. Authorizes State Department of Agriculture] department to make loans from fund to farmers that were members of agricultural cooperative on date that cooperative initiated bankruptcy proceedings. Specifies terms of loans. Requires State Department of Agriculture to assist with loan application evaluation if requested by Oregon Business Development Department. Authorizes State Department of Agriculture] Oregon Business Development Department to delegate application processing and loan servicing to lending institutions. Makes loan program operative January 1, 2021. Sunsets loan program and abolishes Agricultural Cooperative Member Low-Interest Loan Fund January 2, 2040. Takes effect on 91st day following adjournment sine die.

Bill Sponsors (6)

Votes


Actions


Mar 09, 2020

Senate

At Desk upon adjournment.

Mar 03, 2020

Senate

Recommendation: Do pass with amendments. (Printed A-Eng.)

Feb 28, 2020

Senate

Work Session held.

Feb 27, 2020

Senate

Returned to Full Committee.

Feb 27, 2020

Senate

Work Session held.

Feb 25, 2020

Senate

Assigned to Subcommittee On Capital Construction.

Feb 12, 2020

Senate

Referred to Ways and Means by prior reference.

Feb 12, 2020

Senate

Recommendation: Do pass and be referred to Ways and Means by prior reference.

Feb 12, 2020

Senate

Public Hearing and Work Session held.

Feb 03, 2020

Senate

Referred to General Government and Emergency Preparedness, then Ways and Means.

Feb 03, 2020

Senate

Introduction and first reading. Referred to President's desk.

Jan 27, 2020

Senate

Presession Released to the Public.

Bill Text

Bill Text Versions Format
A-Engrossed PDF
Introduced PDF
Senate Amendments to Introduced PDF
JWM Amendment -2 PDF

Related Documents

Document Format
No related documents.

Sources

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