348.410. Agricultural product utilization business development loan program fund established--duties of department of agriculture.
Agricultural product utilization business development loan programfund established--duties of department of agriculture.
348.410. 1. There is hereby created in the state treasury the"Agricultural Product Utilization Business Development Loan Program Fund".The fund shall consist of money appropriated to it by the general assemblyand investment income on the fund. Notwithstanding the provisions ofsection 33.080, RSMo, no portion of the fund shall be transferred to thegeneral revenue fund. The money in the program fund shall be used, uponappropriation, for purposes established pursuant to sections 348.400 to348.415 and for no other purpose. Moneys necessary for this program may betransferred to this program fund from the fund established pursuant tosection 348.408.
2. For purposes of this section, the department of agriculture shall,as part of the program administration, establish market promotionactivities that assist grant recipients and loan applicants in the planningand marketing of value-added products. The department of agriculture isspecifically authorized to employ qualified individuals to fulfill suchduties.
3. The department of agriculture shall promote products derived fromdevelopment facilities and renewable fuel production facilities as definedin section 348.430.
(L. 1997 H.B. 557, A.L. 1999 H.B. 888)Effective 7-2-99