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Appropriations committee halves proposed milk-processing line of credit to $5 million, sets up program framework
Summary
The Appropriations Committee amended Senate Bill 2342 to reduce a proposed $10 million line of credit for milk-processing incentives to $5 million and to direct a committee to develop a competitive grant program for value-added milk-processing facilities.
The Appropriations Committee on Wednesday amended Senate Bill 2342 to reduce a proposed line of credit for milk-processing facility incentives from $10,000,000 to $5,000,000 and to establish a framework for a value-added milk-processing facility incentive program.
Committee members said the measure creates an incentive program intended to support infrastructure needed for dairy processing facilities, including roads, utilities, wastewater and stormwater conveyance, rail access and other site work. The legislation directs the agriculture diversification and development committee to create a competitive scoring process and award grants after a facility achieves full operational processing capacity.
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