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Office of the Revisor of Statutes

SF 1497 Senate Long Description

Modifying certain provisions relating to the rural finance authority (RFA); authorizing a state auditor designee to serve on the authority board; eliminating the debt to asset ratio requirement for restructured loan eligibility purposes; increasing the authority dollar amount participation limit for agricultural improvement loans and eliminating the prohibition on use of the loans to refinance existing debt; expanding authorized use of value added agricultural product loans to the purchase of stock in cooperatives already owning and operating agricultural product processing facilities (mk)