2004 Senate Bill 1349 ↩

Senate Roll Call 648: Passed

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. Also, to allow the state treasurer to subordinate the state's loan to loans from commercial banks. This means the banks would get paid first if the company defaults.