Washington Code 43.163.040 – Farmers — Advance financing, agriculture conservation reserve program
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To provide capital for economic development purposes, the authority is authorized to develop and conduct a program or programs to provide advance financing to eligible farmers in respect of the contract payments due to them under the federal department of agriculture conservation reserve program. Such advance financing may be provided in the form of lease, sale, loan or other similar financing transactions.
[ 1989 c 279 § 5.]
Terms Used In Washington Code 43.163.040
- Authority: means the Washington economic development finance authority created under RCW 43. See Washington Code 43.163.010
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC