Minnesota HF4218 appropriates $50,050,000 from bond proceeds to the Rural Finance Authority for agricultural loans.

Minnesota HF4218 allocates $50,050,000 from bond proceeds to the Rural Finance Authority for various agricultural loan programs. The funds will support the beginning farmer program, loan restructuring, seller-sponsored loans, and agricultural improvement loans. Priority for loans is given to basic beginning farmer loans, followed by seller-sponsored loans, and then agricultural improvement loans. The commissioner of management and budget is authorized to issue bonds up to $50,050,000, with an additional $50,000 set aside for bond sale expenses.

Minnesota HF4218 appropriates $50,050,000 from bond proceeds to the Rural Finance Authority for agricultural loans.

Minnesota HF4218 allocates $50,050,000 from bond proceeds to the Rural Finance Authority for various agricultural loan programs. The funds will support the beginning farmer program, loan restructuring, seller-sponsored loans, and agricultural improvement loans. Priority for loans is given to basic beginning farmer loans, followed by seller-sponsored loans, and then agricultural improvement loans. The commissioner of management and budget is authorized to issue bonds up to $50,050,000, with an additional $50,000 set aside for bond sale expenses.