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any significant impact on the availability of funds for loans for | | other agricultural enterprises. |
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| | | The additional costs associated with adopting rules and | | administering the new loan requirements can be absorbed by the | | Department of Agriculture, Food and Rural Resources utilizing | | existing budgeted resources. The department and the Finance | | Authority of Maine can absorb the costs related to reporting to | | the Legislature on the financial status of loans provided for | | cranberry projects. |
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| | | This bill allows the Agricultural Marketing Loan Fund to | | increase loans for the total cost of any cranberry project from | | 45% to 90% until December 31, 2001. This bill also requires | | $1,000,000 to be made available from the fund for cranberry | | project loans from bond funds approved pursuant to Private and | | Special Law 1995, chapter 81. |
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| | | This bill also requires the Department of Agriculture, Food | | and Rural Resources and the Finance Authority of Maine to jointly | | report back to the Joint Standing Committee on Appropriations and | | Financial Affairs on the status of loans made for cranberry | | projects. |
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