1. A. The agricultural loan committee is hereby established to consider and act on applications for loans or grants, or a combination of both made pursuant to this Part.

2. B. The agricultural loan committee shall consist of the following seven members:

   1. 1. the Commissioner of Agriculture and Forestry or his designee;
   2. 2. the Chancellor of the LSU AgCenter or his designee;
   3. 3. the Chancellor of the Southern University AgCenter or his designee;
   4. 4. the President of the Louisiana Farm Bureau Federation or his designee;
   5. 5. the Assistant Commissioner of Agriculture and Forestry, Office of Management and Finance or his designee;
   6. 6. one member at large appointed by the Commissioner of Agriculture and Forestry;
   7. 7. the Director of LAFA or his designee.
3. C. Four members of the agriculture loan committee shall constitute a quorum.

Authority Note

AUTHORITY NOTE: Promulgated in accordance with R. S. 3:266.

Historical Note

HISTORICAL NOTE: Promulgated by the Department of Agriculture and Forestry, Agricultural Finance Authority, LR 36:468 (March 2010).