South Dakota will set aside $10 million to provide loans to businesses starting or expanding custom meat processing plants and slaughtering facilities in the state, with individual loans capped at $1 million per business. The Governor's Office of Economic Development will manage these loans, which will rank below any other loans the businesses have taken out for the same purpose. This is a new appropriation of state funds rather than a change to existing law.
This bill does not directly amend codified state law.
House of Representatives Withdrawn at the Request of the Prime Sponsor H.J. 278
House of Representatives Referred to House Agriculture and Natural Resources H.J. 237
First Reading House H.J. 220
Prime sponsor · Rep.
R