901:3-63-01 Definitions.

As used in rules 901:3-63-01 through 901:3-63-23 of the Administrative Code,

(A) “AFC” means the agricultural financing commission.

(B) “Director” means the director of the Ohio department of agriculture.

(D) “Family farm loan fund” means the fund created within the FFLP to finance guaranteed portions of loans made under the FFLP.

(E) “Farm business plan” means a plan developed under the requirements of rule 901:3-63-06 of the Administrative Code.

(F) “FFLP” means the family farm loan program established by enacted Substitute House Bill no. 621 of the 122nd General Assembly of the state of Ohio.

(G) “Loan applicant” means a person or persons engaged in an independent family farm operation of one thousand total acres in size or less, planned or in existence, and does not include commercial agribusiness enterprises or their owned subsidiaries.

(H) “Location” means an area within a ten-mile radius from the approximate geographic center of the real property or the existing farm which is the subject of an FFLP loan, where the approximate geographic center is located in relationship to the surveyed perimeter of the farm.

(I) “Lending institution” means any bank or other financial institution qualified to participate in the FFLP pursuant to division (A)(1) of section 901.81 of the Revised Code.

(J) “Management strategy” means a strategy developed under the requirements of rule 901:3-63-06 of the Administrative Code.

(K) “OFI” means the office of financial incentives in the Ohio department of development.

R.C. 119.032 review dates: 08/13/2003 and 08/13/2008

Promulgated Under: 119.03

Statutory Authority: 901.82

Rule Amplifies: 122.011, 901.80, 901.83

Prior Effective Dates: 8/7/98