2021 Minnesota Statutes
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Chapter 41B
Section 41B.039
Recent History
- 2025 Subd. 2 Amended 2025 c 34 art 3 s 20
- 2024 Subd. 2 Amended 2024 c 127 art 38 s 56
- 2024 Subd. 2 Amended 2024 c 126 art 2 s 56
- 2015 Subd. 2 Amended 2015 c 44 s 22
- 2009 Subd. 2 Amended 2009 c 94 art 1 s 84
- 2004 Subd. 2 Amended 2004 c 254 s 16
- 2000 Subd. 2 Amended 2000 c 488 art 3 s 14
- 2000 Subd. 2 Amended 2000 c 477 s 55
This is an historical version of this statute chapter. Also view the most recent published version.
41B.039 BEGINNING FARMER PROGRAM.
§
Subdivision 1.Establishment.
The authority may establish, develop criteria, and implement a beginning farmer program.
§
Subd. 2.State participation.
The state may participate in a new real estate loan with an eligible lender to a beginning farmer to the extent of 45 percent of the principal amount of the loan or $400,000, whichever is less. The interest rates and repayment terms of the authority's participation interest may be different than the interest rates and repayment terms of the lender's retained portion of the loan.
Official Publication of the State of Minnesota
Revisor of Statutes