2006 Ohio Revised Code - 901.80. Effective until 10-15-07.
§ 901.80. Administration of family farm loan program.
To promote economic opportunity for persons who desire to engage in agricultural production, to enhance the economic viability of the state's agricultural areas, to help provide the state's agribusinesses with the farm products necessary for their operations, and to improve the economic welfare of the people of the state, the director of agriculture shall administer the family farm loan program, which is hereby established in accordance with
Section 13 of
Article VIII, Ohio Constitution, to assist eligible applicants by providing financial assistance by purchasing loans from financial institutions, and guaranteeing loans, for land acquisition; constructing, reconstructing, rehabilitating, remodeling, renovating, enlarging, or improving agricultural buildings; and acquiring machinery and equipment to be used in agriculture.
Financial assistance provided under the family farm loan program shall not be used to purchase any loan made prior to the effective date of this section and shall not be used as working capital or for refinancing, financing inventory or receivables, speculative real estate development, relocation costs, or the purchase of rolling stock or livestock.
An eligible applicant receiving financial assistance under the family farm loan program is not precluded from further participation in this or any other state financial program.
HISTORY: 147 v H 621. Eff 3-16-98.
The provisions of § 403.11 of 151 v H 66, amending the repeal date for RC § 901.80 as set by § 3 of 147 v H 621 and amended by § 147 of 148 v H 283, § 153 of 149 v H 94, and § 137.07 of 150 v H 95, read as follows:
SECTION 403.11. That Section 3 of Am. Sub. H.B. 621 of the 122nd General Assembly, as most recently amended by Am. Sub. H.B. 95 of the 125th General Assembly, be amended to read as follows:
"Sec. 3. That sections 166.031, 901.80, 901.81, 901.82, and 901.83 of the Revised Code are hereby repealed, effective October 15, 2007."
Disclaimer: These codes may not be the most recent version. Ohio may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
