Minnesota SF3752 appropriates $50 million from bond proceeds to the Rural Finance Authority for agricultural loans and $50,000 for bond sale expenses.
Minnesota SF3752 appropriates $50 million from bond proceeds to the Rural Finance Authority for agricultural loans, prioritizing beginning farmer loans, seller-sponsored loans, and agricultural improvement loans. It also allocates $50,000 for bond sale expenses. The commissioner of management and budget is tasked with selling and issuing bonds up to $50,050,000 to fund these appropriations. All debt service on these bonds must be repaid by the Rural Finance Authority.
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