GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1997

S	2 

SENATE BILL 1196
Corrected Copy 5/22/98

Short Title:  Dairy Farm Loans Funds.	(Public)

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Sponsors: Senators Albertson; Ballance, Cochrane, Dannelly, Jordan, Kerr, Ledbetter, Martin of Pitt, and Warren.

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Referred to:  Appropriations.

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May 21, 1998

A BILL TO BE ENTITLED
AN ACT TO APPROPRIATE FUNDS FOR LOANS TO DAIRY FARMERS.
The General Assembly of North Carolina enacts:
Section 1.  There is appropriated from the General Fund to the Department of Agriculture and Consumer Services the sum of fifty million dollars ($50,000,000) for the 1998-99 fiscal year to be used by the North Carolina Rural Rehabilitation Corporation pursuant to Article 2 of Chapter 137 of the General Statutes for loans to dairy farmers.  These funds shall not revert.  No more than three percent (3%) of these funds may be used for the administrative costs of making loans to dairy farmers.
Section 2.  This act becomes effective July 1, 1998.