After adopting these bills, the Subcommittee 

 instructed the staff to draft a letter to the Governor 

 requesting that he ask a Special Session of the 

 Legislature to consider legislation to assist the 

 state's financially troubled agricultural industry. 



Fourth Meeting 



The fourth meeting of the Subcommittee was held on 

 March 12, 1986, via telephone conference call. The 

 purpose of the meeting was to discuss and approve 

 details of two bills requested at the last meeting — the 

 state linked deposit bill and the bill to provide farm 

 counseling and assistance to financially distressed 

 farmers. 



Discussion of these bills was led by Senator 

 Neuman. During this discussion, questions were raised 

 concerning the discounted interest rate that would be 

 offered to lenders as an incentive to participate in the 

 linked deposit program. 



Questions were also raised on the proposed 6-month 

 limitation on linked deposit loans. Some members 

 expressed the belief that the loans should be extended 

 for at least one full year. 



Discussion of the proposed farm counseling bill 

 also led to a number of questions. These questions 

 dealt mainly with the structure, design, and funding of 

 the proposed farm counseling and assistance program. 



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