90-9-314. Research and development project -- program goals. (1) The council may make a research and development project loan if it determines that the project meets the loan criteria established in 90-9-311 and 90-9-315 and further determines that the project meets the goals established in subsection (2).
     (2) The goals of this program are:
     (a) to significantly upgrade existing agricultural research capabilities within the state's research and development institutions and organizations;
     (b) to provide financial support to individual research projects that have significant potential to advance development of agricultural business in the state;
     (c) to facilitate the process of transferring research from the laboratory to the commercial marketplace;
     (d) to provide financial support for the development of advanced research capabilities within the state's university system through the acquisition of facilities, equipment, or personnel;
     (e) to facilitate the flow of information to agricultural-based businesses in the state in order to assist those businesses in reaching their full commercial potential; or
     (f) to improve the information and resources available to the state's agricultural businesses involved in commercialization of innovative agricultural products and processes.

     History: En. Sec. 4, Ch. 284, L. 1989.