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Administration | | Service Agency, one member representing the Farm Credit System, one | member representing the Department of Economic and Community | Developmentpublic | | Agricultural Bargaining Council, or a successor organization. Each | | executive council established pursuant to Title 36, section 4603, | | subsection 3, shall appoint one person to serve as a member of the | committee. The commissioner | | councils shall appoint as members persons with education, training | | or experience relevant to the development and implementation of | | improved potato marketing systems, including the modernization, | | construction and operation of storage and central packing | | facilities, and with an understanding of the importance of those | facilities for potato quality and marketing. When the commissioner | | Maine Potato Board finds it appropriate, the members representing | the Farmers Home Administration | | Credit System may serve as a loan review committee and advise the | commissioner | | applications for funding. |
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| | | Sec. 4. 7 MRSA §973-A, as enacted by PL 2001, c. 125, §3, is | | amended to read: |
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| | | §973-A. Administration of Potato Marketing Improvement Fund |
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| | | The commissioner | | Potato Marketing Improvement Fund established under Title 10, | | section 1023-N. |
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| | | Sec. 5. 7 MRSA §974-A, sub-§1, ¶D, as enacted by PL 1987, c. 319, §4, | | is amended to read: |
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| | | D. Other terms and conditions prescribed by rule by the | commissioner | | Potato Marketing Improvement Committee. |
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| | | Sec. 6. 7 MRSA §974-A, sub-§2, as amended by PL 2001, c. 125, §4, is | | further amended to read: |
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| | | 2. State loan interest rate. The interest rate for state | | loans is 5%. Loans current on April 21, 1988 must be | | renegotiated to an interest rate of 5%. |
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| | | A fee for administrative costs, which must be at a rate set by | rule by the commissioner | | with the Potato Marketing Improvement Committee but that may not | | exceed 1% of the loan, must be charged on all loans made for | | projects, the total cost of which exceeds $50,000. This fee must | | be deposited in the Potato Marketing Improvement Fund. |
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