The bill amends the Julian-Stille Value-Added Act to enhance the agricultural processing sector in Michigan by updating definitions and establishing a more structured grant program. Key definitions are clarified, including "agricultural processing," "commercialization," and "value-added," while the Michigan Department of Agriculture and Rural Development is designated as the overseeing body. The bill mandates the establishment of a competitive grant process, requiring the commission to provide specific reasons for grant approvals and ensuring transparency in the evaluation process. It also emphasizes the importance of innovation and market competitiveness in grant proposals.

Additionally, the bill introduces a low-interest loan program and a loan guarantee program to support qualified agricultural loans, with specific conditions to prevent misuse of funds for casino development. It outlines the responsibilities of the commission and the joint evaluation committee, including conflict of interest provisions and the requirement for public disclosure of decisions. The bill also stipulates that all applications for grants must be submitted in a prescribed format and that the department will create rules to implement these changes effectively.

Statutes affected:
Senate Introduced Bill: 285.302