Alternative Agricultural Research and Commercialization Act of 1989

Summary

Alternative Agricultural Research and Commercialization Act of 1989 - Title I: Establishment of Alternative Agricultural Research and Commercialization Corporation - Establishes within the Department of Agriculture (Department) the Alternative Agricultural Research and Commercialization Corporation. Title II: Research and Development - Directs the Secretary of Agriculture to select research projects to develop new industrial projects, as recommended by the Corporation, for funding under this Act. Title III: Establishment of Regional Centers - Provides for the establishment of between four and nine regional centers and related advisory councils. Title IV: Financial Assistance for Commercialization - Authorizes the Corporation to provide projects with financial assistance in the form of: (1) loans; (2) interest subsidies; (3) venture capital; (4) repayable grants; and (5) umbrella bonding. Authorizes the Corporation to establish a discretionary fund for each regional center. Title V: Revolving Fund - Establishes a revolving fund to be administered by the Corporation. Title VI: Authorization of Appropriations - Authorizes FY 1990 through 1999 appropriations.

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2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 28 September 1989

  Open at official source

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