| I.__The commissioner shall make available a minimum of | $1,000,000 from the Agricultural Marketing Loan Fund for the | purpose of providing loans to agricultural enterprises that | are engaged primarily in direct marketing as defined in | section 434, subsection 2.__Eligibility criteria for an | agricultural marketing loan under this paragraph must allow | agricultural enterprises that are engaged primarily in | direct marketing to apply for loans for traditional | equipment and other capital expenses as provided in Title | 10, section 1023-J.__Notwithstanding paragraphs A and B, an | agricultural loan for a project under this paragraph may not | exceed $100,000.__This paragraph is repealed December 31, | 2004. |
|
| | Sec. 3. 7 MRSA §435, sub-§4, as enacted by PL 1995, c. 658, §1, is | amended to read: |
|
| | 4. Administrative costs. The commissioner may establish, by | rule, a fee for administrative costs on loans in excess of | $50,000 $100,000. This fee may not exceed 1% of the loan. The | commissioner may contract with the Finance Authority of Maine to | assist in the administration of this subchapter. |
|
|