2005 Senate Bill 285

Postpone repayment of state sugar loan

Introduced in the Senate

March 3, 2005

Introduced by Sen. Jim Barcia (D-31)

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 Appropriations