Posted on May 23, 2020 by admin
Eligible farmers and ranchers will receive one CFAP payment, drawn from two possible funding sources. The first source of funding is $9.5 billion in appropriated funding provided in the CARES Act and compensates farmers for losses due to price declines that occurred between mid-January 2020, and mid-April 2020 and for specialty crops for product that was shipped and spoiled or unpaid product. The second funding source uses the Commodity Credit Corporation Charter Act to compensate producers…
Posted on May 21, 2020 by admin
Phase One of the governor’s reopening plan began May 20, 2020. This applies to offices, retail and malls, outdoor-only seating for restaurants, and the outdoor sections of zoos and museums.
This week, the governor also issued Executive Order 7PP, which repeals some of the previous executive orders restricting certain business operations. Specifically, the order extends restrictions on large gatherings, indoor gyms, and movie theaters until June 20. The order also states that summer schools may not…
Posted on May 18, 2020 by admin
As Ranking Member of the legislature’s Banking Committee, I would like to share some information regarding the Payroll Protection Program Loan Forgiveness Application.
To apply for forgiveness of your Paycheck Protection Program (PPP) loan, you (the borrower), must complete this application as directed in the instructions on the form and submit it to your lender (or the lender that is servicing your loan). Borrowers may also complete this application electronically through their lender. This application…
