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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