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Office of the Revisor of Statutes

SF 3537 Senate Long Description

Appropriating money to the rural finance authority and authorizing the issuance of state bonds to purchase participation interests in or to make direct agricultural loans to farmers; requiring debt service repayment by the RFA and the pricing of loan participations to provide full interest and principal coverage and a reserve for potential losses; exempting the loans from review by the department of administration; specifying certain loan priorities (mk)