H.B. 1179                                               VETOES

(I)      MAKE LOW- AND NO-INTEREST LOANS AND LOAN
GUARANTEES AVAILABLE FOR AGRICULTURAL PRODUCT DEVELOPMENT, PRIMARY
PROCESSING, AND SECONDARY MANUFACTURING;

(II)     PROVIDE CREDIT AND CAPITAL TO FIRST-TIME FARMERS FOR
LAND, EQUIPMENT, AND WORKING CAPITAL ACQUISITION; AND

(III)   MAKE INCENTIVES AVAILABLE FOR ACTIVITIES RELATED TO
SMALL FARM OR SMALL LANDOWNER VIABILITY AND BEST MANAGEMENT
PRACTICES.

13-604. 13-504.

(A)     (1) THERE IS A BOARD OF DIRECTORS OF THE CORPORATION.

(2) THE BOARD MANAGES THE CORPORATION AND EXERCISES ALL OF
ITS CORPORATE POWERS.

(B)     THE BOARD CONSISTS OF THE FOLLOWING MEMBERS:

(1)      AS EX OFFICIO MEMBERS:

(I)      THE SECRETARY OF AGRICULTURE OR A DESIGNEE OF THE
SECRETARY WHO MUST BE A SENIOR-LEVEL DEPARTMENTAL OFFICIAL;

(II)     THE SECRETARY OF NATURAL RESOURCES OR A DESIGNEE OF
THE SECRETARY WHO MUST BE A SENIOR-LEVEL DEPARTMENTAL OFFICIAL;

(III)   THE SECRETARY OF BUSINESS AND ECONOMIC DEVELOPMENT
OR A DESIGNEE OF THE SECRETARY WHO MUST BE A SENIOR-LEVEL
DEPARTMENTAL OFFICIAL;

(IV)    THE EXECUTIVE DIRECTOR OF THE MARYLAND FOOD CENTER
AUTHORITY;

(V)     THE EXECUTIVE DIRECTOR OF THE RURAL MARYLAND
COUNCIL; AND

(VI)    THE DIRECTOR OF THE MARYLAND COOPERATIVE EXTENSION
SERVICE; AND

(2)      ELEVEN INDIVIDUALS APPOINTED BY THE GOVERNOR WITH THE
ADVICE AND CONSENT OF THE SENATE AS FOLLOWS:

(I)      TWO AGRICULTURAL PRODUCERS REPRESENTING AT LEAST
TWO DIFFERENT FARM COMMODITY INDUSTRIES IN THE STATE;

(II)     TWO REPRESENTATIVES FROM COMMERCIAL LENDING
INSTITUTIONS SERVING RURAL REGIONS IN THE STATE, ONE OF WHOM MUST
REPRESENT A MAJOR FARM CREDIT ORGANIZATION OPERATING IN THE STATE;

(III)    ONE REPRESENTATIVE OF THE TIMBER AND FOREST
PRODUCTS INDUSTRY;

(IV)    ONE REPRESENTATIVE OF THE AQUACULTURE INDUSTRY;

- 3250 -