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Minnesota Legislature

Office of the Revisor of Statutes

41C.12 APPLICATION AND ORIGINATION FEE.
The authority may impose a reasonable application and origination fee for each loan issued
under the beginning farmer and agricultural business enterprise loan program. The origination
fee initially shall be set at 1.5 percent and the application fee at $50. The authority shall review
the fees annually and make adjustments as necessary. The fees must be deposited in the state
treasury and credited to the general fund.
History: 1991 c 332 s 17