Minn. Stat. § 41A.035: AGRICULTURAL RESOURCES LOAN PARTICIPATION.
Where this section sits in the code
- AGRICULTURE
- CHAPTER 41A. AGRICULTURAL DEVELOPMENT
- MINNESOTA AGRICULTURAL AND ECONOMIC DEVELOPMENT BOARD
The board may participate in loans made to finance agricultural resource projects by purchasing from a lender up to 75 percent of the amount of each eligible loan. If the loan participated in is for $500,000 or less, the loan may be for 100 percent of the cost of the project. If the loan participated in exceeds $500,000, the loan may not exceed 80 percent of the cost of the project. The lender shall service the loan or cause it to be serviced in a manner that equally protects the lender's and the board's interests.
Collected 2026-09-02T22:10:27Z. Source file · JSON