2007 House Bill 4108

Extend term of $5 million loan to sugar beet growers

Introduced in the House

Jan. 24, 2007

Introduced by Rep. Jeff Mayes (D-96)

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 Agriculture