S 505 · 95th Congress ·

Emergency Farm Grain Storage Facilities Construction Act

Introduced 1977-01-28· Sponsored by Sen. Bellmon, Henry L. [R-OK]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Agriculture and Forestry (Subsequently: Agriculture, Nutrition and Forestry).(1977-01-28)

Plain Language Summary

[AI summary unavailable — showing source text] Emergency Farm Grain Storage Facilities Construction Act - Directs the Secretary of Agriculture, through the Commodity Credit Corporation, to guarantee loans to wheat and feed grains producers for the construction of storage facilities. Provides for a guarantee with respect to 90 percent of the total construction cost, not to exceed $50,000. Sets a formula for determining the proper size of a storage facility for which a loan may be guaranteed under this Act. Sets the loan term at no more than ten years.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (2)

2 Republicans
Sen. Domenici, Pete V. [R-NM]
Sen. Young, Milton R. [R-ND]