Bill > SB0664

This bill amends the Julian-Stille value-added act to update and clarify provisions related to agricultural development grants and loans. The bill modifies the Michigan Department of Agriculture's name to the Michigan Department of Agriculture and Rural Development, and makes several technical changes to the existing law regarding agricultural value-added grant and loan programs. Key provisions include establishing a competitive grant process for agricultural processing and value-added projects, creating a joint evaluation committee to review grant applications, and setting specific requirements for grants such as requiring a 10% cash match from applicants and limiting overhead rates to 15%. The bill also outlines detailed guidelines for a low-interest loan and loan guarantee program for agricultural projects, including restrictions on using funds for casino development and requirements for financial institutions participating in the program. Additionally, the bill includes strict conflict of interest provisions for commission members and establishes transparency requirements, such as making scoring sheets and committee decisions open to the public. The bill is contingent on the passage of a related Senate Bill and aims to support agricultural innovation, processing, and development in Michigan.

Government Affairs

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-SB-0664