State of Illinois
92nd General Assembly
Legislation

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92_SB1564

 
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 1        AN ACT concerning agriculture.

 2        Be  it  enacted  by  the People of the State of Illinois,
 3    represented in the General Assembly:

 4        Section 5.  The Illinois AgriFIRST Program Act of 2001 is
 5    amended by changing Section 5 as follows:

 6        (505 ILCS 19/5)
 7        Sec. 5.  Definitions. In this Act:
 8        "Agribusiness" means  any  sole  proprietorship,  limited
 9    partnership,  co-partnership,  joint venture, corporation, or
10    cooperative that operates or will operate a facility  located
11    within   the  State  of  Illinois  that  is  related  to  the
12    processing of agricultural commodities  (including,  but  not
13    limited  to,  the  products  of aquaculture, hydroponics, and
14    silviculture)   or   the   manufacturing,   production,    or
15    construction    of    agricultural   buildings,   structures,
16    equipment, implements, and supplies, or any other  facilities
17    or  processes used in agricultural production. "Agribusiness"
18    includes but is not limited to the following:
19             (1)  grain handling and processing, including  grain
20        storage,  drying,  treatment,  conditioning, milling, and
21        packaging;
22             (2)  seed and feed grain development and processing;
23             (3)  fruit  and  vegetable   processing,   including
24        preparation, canning, and packaging;
25             (4)  processing of livestock and livestock products,
26        dairy  products,  poultry  and  poultry products, fish or
27        apiarian   products,   including   slaughter,   shearing,
28        collecting, preparation, canning, and packaging;
29             (5)  fertilizer    and     agricultural     chemical
30        manufacturing, processing, application and supplying;
31             (6)  farm   machinery,   equipment,   and  implement
 
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 1        manufacturing and supplying;
 2             (7)  manufacturing  and  supplying  of  agricultural
 3        commodity processing machinery and  equipment,  including
 4        machinery  and  equipment  used  in slaughter, treatment,
 5        handling, collecting, preparation, canning, or  packaging
 6        of agricultural commodities;
 7             (8)  farm building and farm structure manufacturing,
 8        construction, and supplying;
 9             (9)  construction,   manufacturing,  implementation,
10        supplying, or servicing of irrigation, drainage, and soil
11        and water conservation devices or equipment;
12             (10)  fuel  processing  and  development  facilities
13        that  produce  fuel  from  agricultural  commodities   or
14        by-products;
15             (11)  facilities  and  equipment  for processing and
16        packaging  agricultural  commodities   specifically   for
17        export;
18             (12)  facilities  and equipment for forestry product
19        processing   and    supplying,    including    sawmilling
20        operations,   wood  chip  operations,  timber  harvesting
21        operations, and manufacturing of prefabricated buildings,
22        paper, furniture, or other goods from forestry  products;
23        and
24             (13)  facilities  and  equipment  for  research  and
25        development of products, processes, and equipment for the
26        production,  processing,  preparation,  or  packaging  of
27        agricultural commodities and by-products.
28        "Agricultural facility" means land, any building or other
29    improvement on or to land, and any personal properties deemed
30    necessary  or  suitable  for  use,  whether  or  not  now  in
31    existence,   in   farming,   ranching,   the   production  of
32    agricultural commodities (including, but not limited to,  the
33    products  of  aquaculture,  hydroponics, and silviculture) or
34    the  treating,  processing,  or  storing   of    agricultural
 
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 1    commodities.
 2        "Agricultural  land"  means land suitable for agriculture
 3    production.
 4        "Asset" includes, but is not limited to,  the  following:
 5    cash crops or feed on hand; livestock held for sale; breeding
 6    stock;   marketable  bonds  and  securities;  securities  not
 7    readily marketable; accounts  receivable;  notes  receivable;
 8    cash  invested  in  growing  crops;  net  cash  value of life
 9    insurance; machinery and equipment; cars and trucks; farm and
10    other  real  estate  including  life  estates  and   personal
11    residence; value of beneficial interest in trusts; government
12    payments or grants; and any other assets.
13        "Department" means the Department of Agriculture.
14        "Director" means the Director of Agriculture.
15        "Fund" means the Illinois AgriFIRST Program Fund.
16        "Grantee"  means  the person or entity to whom a grant is
17    made to from the Fund.
18        "Lender" means  any  federal  or  State  chartered  bank,
19    federal  land  bank,  production credit association, bank for
20    cooperatives, federal or state  chartered  savings  and  loan
21    association  or building and loan association, small business
22    investment company, or any other institution qualified within
23    this State to originate and service loans, including, but not
24    limited to, insurance companies, credit unions, and  mortgage
25    loan  companies.  "Lender" includes a wholly owned subsidiary
26    of a manufacturer, seller or distributor of goods or services
27    that makes loans to businesses or individuals, commonly known
28    as a "captive finance company".
29        "Liability"  includes,  but  is  not  limited   to,   the
30    following: accounts payable; notes or other indebtedness owed
31    to  any  source;  taxes;  rent;  amounts  owed on real estate
32    contracts  or  real  estate  mortgages;  judgments;   accrued
33    interest payable; and any other liability.
34        "Person" means, unless limited to a natural person by the
 
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 1    context   in   which  it  is  used,  a  person,  corporation,
 2    association, trust, partnership, limited  partnership,  joint
 3    venture, or cooperative.
 4        "Research"   means   activities  related  to  feasibility
 5    studies and technical assistance for the  purpose  of  adding
 6    commercial value to agricultural commodities.
 7        "State" means the State of Illinois.
 8        "Value-added"   means   the   processing,  packaging,  or
 9    otherwise  enhancing  the  value  of  farm  and  agricultural
10    products or by-products produced in Illinois.
11    (Source: P.A. 92-346, eff. 8-14-01.)

12        Section 99.  Effective date.  This Act takes effect  upon
13    becoming law.

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