Introduced
by
To extend from five to 10 years the term of a $5 million taxpayer-subsidized loan authorized by <a href="http://www.michiganvotes.org/2004-SB-1349">Public Act 342 of 2004</a>. The loan paid a Saginaw-area sugar beet growers' cooperative to purchase the assets of the Monitor Sugar processing company.
Referred to the Committee on Appropriations
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that also would require that the loan be repaid in full immediately if the borrower misses a quarterly payment after February 15, 2007.
The substitute passed by voice vote
Passed in the Senate 38 to 0 (details)
Referred to the Committee on Agriculture
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 103 to 0 (details)
To extend from five to 10 years the term of a $5 million taxpayer-subsidized loan authorized by <a href="http://www.michiganvotes.org/2004-SB-1349">Public Act 342 of 2004</a>. The loan paid a Saginaw-area sugar beet growers' cooperative to purchase the assets of the Monitor Sugar processing company.
