Introduced
by
To authorize a $5 million state government grant to a Saginaw-area sugar beet growers' cooperative to purchase the assets of the Monitor Sugar processing company.
Referred to the Committee on Agriculture and Resource Management
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that instead of making an outright, grant extends for 30 years a zero-interest loan.
The substitute passed by voice vote
Amendment offered
by
To revise the terms of certain job retention requirements in the loan conditions.
The amendment passed by voice vote
Passed in the House 97 to 4 (details)
To extend to 30 years the repayment period for a $5 million, zero-interest state loan grant to a Saginaw-area sugar beet growers' cooperative to purchase the assets of the Monitor Sugar processing company. The Senate Fiscal Agency estimates the measure would cost the state $250,000.
Referred to the Committee on Appropriations
