2005 House Bill 4462

Postpone repayment of state sugar loan

Introduced in the House

March 8, 2005

Introduced by Rep. John Espinoza (D-83)

To allow the recipient of the taxpayer-subsidized loan authorized by <a href="http://www.michiganvotes.org/2004-SB-1349">Public Act 342 of 2004</a> to postpone any repayment until March 1, 2008. This refers to a $5 million, zero-interest state loan granted to a Saginaw-area sugar beet growers' cooperative to purchase the assets of the Monitor Sugar processing company.

Referred to the Committee on Agriculture