H.B.
3
APPROPRIATIONS ADJUSTMENTS
Senate Floor
Amendments
Amendment 2 March 11, 2010 2:56 PM
Senator Ralph Okerlund proposes the following amendments:
1. Page 36, Line 1357: After line 1357, insert:
"ITEM 172A To Department of Agriculture and Food - Utah
Rural Rehabilitation Fund
From Agriculture Resource Development Fund $2,000,000
Schedule of Programs:
Utah Rural Rehabilitation Fund
The Legislature intends that these funds be appropriated to
securitize, at a discounted rate, funding for emergency relief
loans to the dairy sector, as determined by the Agricultural
Advisory Board to be under severe distress. The Legislature
intends that these emergency relief loans be secured with
United States Department of Agriculture loan protection
guarantees, be approved and administered by the Agricultural
Advisory Board, and be secured with sufficient funds or other
collateral to assure revenue bond payment."
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