Loan for Mixed-Feed Mill

The Governor of Guam is hereby authorized to loan to a qualified farmers nonprofit cooperative association or corporation funds to construct and operate a mixed-feed mill, such loan to be under such terms and conditions as are established by the Governor of Guam, except that in no case shall the interest rate exceed two percent (2%) per annum simple interest. There is authorized, to be appropriated to carry out the provisions of this section, not to exceed one hundred thousand dollars ($100,000.00).