Minnesota Administrative Rules

1656.0031 BORROWER ELIGIBILITY.

To be eligible for assistance through a loan participation under the value-added stock loan participation program, an applicant must meet the requirements of Minnesota Statutes, section 41B.046, subdivision 4, and have a total net worth not to exceed the total net worth established for the basic beginning farmer participation program, which is available by calling the RFA office for a current quote.

Statutory Authority:

MS s 41B.046; 41B.07; 41C.13

History:

20 SR 2290(NO. 43); 30 SR 372

Published Electronically:

October 26, 2005