Louisiana Administrative Code
Title 7 - AGRICULTURE AND ANIMALS
Part V - Advertising, Marketing and Processing
Chapter 7 - Market Commission-Agricultural Production Linked Deposit Loan Program
Subchapter B - Authorization and Administration of Agricultural Production Linked Deposit Loan Program
Section V-713 - Eligibility of Applicant
Current through Register Vol. 50, No. 9, September 20, 2024
A. Any person engaged or to be engaged in the agricultural production of products shall be eligible for a low-interest agricultural loan, under the Louisiana Agricultural Production Linked Deposit Program. However, the applicant must also meet all the required characteristics as outlined under farmer in §711
B. The commissioner and treasurer shall consider agricultural conditions prevailing in the lending institution's lending area, in the order in which the linked deposit loan packages were received and whenever possible give priority based on this chronological order.
AUTHORITY NOTE: Promulgated in accordance with R.S. 3:446.3 and R.S. 49:327.2.
