Minnesota HF770 appropriates $30 million for the Rural Finance Authority and authorizes bond issuance up to $50 million for agricultural loans.

Minnesota HF770 allocates $30 million from bond proceeds to the Rural Finance Authority for agricultural loan programs. It authorizes the sale and issuance of state bonds up to $50 million to fund these loans. The Rural Finance Authority must prioritize loans for basic beginning farmers, followed by seller-sponsored loans, and then agricultural improvement loans. The commissioner of management and budget is tasked with selling and issuing these bonds under specific statutes and constitutional provisions.

Minnesota HF770 appropriates $30 million for the Rural Finance Authority and authorizes bond issuance up to $50 million for agricultural loans.

Minnesota HF770 allocates $30 million from bond proceeds to the Rural Finance Authority for agricultural loan programs. It authorizes the sale and issuance of state bonds up to $50 million to fund these loans. The Rural Finance Authority must prioritize loans for basic beginning farmers, followed by seller-sponsored loans, and then agricultural improvement loans. The commissioner of management and budget is tasked with selling and issuing these bonds under specific statutes and constitutional provisions.