{"data":{"id":"us-mn/minn.-stat.-41b.039","jurisdiction":"us-mn","citation":"Minn. Stat. § 41B.039","heading":"BEGINNING FARMER PROGRAM.","body":"Subdivision 1. Establishment.\nThe authority may establish, develop criteria, and implement a beginning farmer program.\nSubd. 2. State participation.\nThe 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. Individual loans must be no less than $20,000 and no more than $500,000. 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may be different than the interest rates and repayment terms of the lender's retained portion of the loan.\nSubd. 3.\n[Repealed, 1989 c 273 s 8]\nSubd. 4.\n[Repealed, 1989 c 273 s 8]\nSubd. 5.\n[Repealed, 1989 c 273 s 8]","path":["AGRICULTURE","CHAPTER 41B. RURAL FINANCE AUTHORITY"],"source_url":"https://www.revisor.mn.gov/statutes/cite/41B.039","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:27Z","sha256":"34a882890cfa4b04ae980573ba61ab3424ef00f367f1b27fb8cafb4cd98b5f56","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-41b.038","next":"us-mn/minn.-stat.-41b.0391"},"notice":"GroundRules: Original legal text. Not legal advice."}