Following this discussion, the Subcommittee 

 approved key provisions of both bills and requested 

 final bill drafts. The Subcommittee also agreed to meet 

 again prior to the Special Session to finalize its 

 proposed legislation. 



Fifth Meeting 



The Subcommittee held its fifth meeting on March 

 21, 1986, in Helena. The purpose of this meeting was to 

 consider final drafts of legislation the Subcommittee 

 planned to introduce in the Special Session that was 

 scheduled to convene on March 24. 



At this meeting, the Subcommittee gave final 

 approval to bills it had requested at previous meetings. 

 The Subcommittee also considered and approved two 

 additional bills, which were requested by Senator Gait 

 and Representative Asay. 



The Subcommittee recommended the following bills, 

 which were introduced and approved during the Special 

 Session held in March 1986: 



SB 7 An act creating an agricultural production 

 (LC 31) loan linked deposit program; authorizing the 

 Board of Investments to place up to 

 $50,000,000 of public investment funds in 

 certificates of deposit with participating 

 lending institutions at an interest rate 1 

 percent below the current market rate; and 

 requiring each institution to lend the value 

 of such deposits to eligible agricultural 

 operations at an interest rate not exceeding 2 



83 



