La. Admin. Code tit. 7 § V-101
Current through Register Vol. 50, No. 11, November 20, 2024
Section V-101 - EligibilityA. Any person, firm, corporation, partnership, or association engaged in the marketing, processing, and/or storage of Louisiana farm products shall be eligible for a State Market Commission loan or loan guaranty, upon proper application and approval therefore, as set forth herein.B. Farm products means any agronomic, horticultural, silvacultural, or aquacultural crop, any commercially raised livestock or raw product derived therefrom; or any final derivative resulting from a combination or breakdown of raw farm products.C. Costs associated with the purchase, construction, or necessary improvement of any agricultural plant shall be eligible for a State Market Commission loan.D. The State Market Commission shall give priority to persons, firms, corporations, partnerships, and associations which utilize Louisiana agricultural products to the maximum extent possible.E. The State Market Commission shall also give preference to those persons, firms, partnerships, corporations, and associations which, at the time of the loan application, provide, or expect to provide upon completion of a facility, new or expanded job opportunities for the Louisiana work force.La. Admin. Code tit. 7, § V-101
Promulgated by the Department of Agriculture, Market Commission, LR 6:252 (June 1980).AUTHORITY NOTE: Promulgated in accordance with R.S. 3:407 and R.S. 3:404.