Section 41C.13 — Rules.
41C.13 RULES. The authority may adopt rules for the efficient administration of this chapter. History: 1991 c 332 s 18; 1997 c 187 art 1 s 3
Section 41D.01 — Minnesota Agricultural Education Leadership Council.
41D.01 MINNESOTA AGRICULTURAL EDUCATION LEADERSHIP COUNCIL. Subdivision 1. Establishment; membership. (a) The Minnesota Agricultural Education Leadership Council is established. The council is composed of 16 members as follows: (1) a representative of an agricultural education program at a higher education institution that prepares agriculture teachers for licensure; (2) a representative of the commissioner of education; […]
Section 41D.02 — Agricultural Education Grant Program.
41D.02 AGRICULTURAL EDUCATION GRANT PROGRAM. Subdivision 1. Establishment. The Minnesota Agricultural Education Leadership Council shall establish a program to provide grants under subdivisions 2 and 3 to educational institutions and other appropriate entities for secondary and postsecondary agricultural education programs. Subd. 2. Elementary and secondary agricultural education. The council may provide grants for: (1) planning […]
Section 41D.03 — Minnesota Center For Agricultural Education.
41D.03 MINNESOTA CENTER FOR AGRICULTURAL EDUCATION. Subdivision 1. Governance. The Minnesota Center for Agricultural Education is governed by the Minnesota Agricultural Education Leadership Council. Subd. 2. Powers and duties of council. (a) The council has the powers necessary for the care, management, and control of the Minnesota Center for Agricultural Education and all its real […]
Section 41D.04 — Resource, Magnet, And Outreach Programs.
41D.04 RESOURCE, MAGNET, AND OUTREACH PROGRAMS. Subdivision 1. Resource and outreach. The center shall offer resource and outreach programs and services statewide aimed at the enhancement of agricultural education opportunities for pupils in elementary and secondary school. Subd. 2. Center responsibilities. The center shall: (1) provide information and technical services to agriculture teachers, professional agriculture […]
Section 41C.09 — Remedies Of Bondholders.
41C.09 REMEDIES OF BONDHOLDERS. Subdivision 1. Default. If the authority defaults in the payment of principal or interest on an issue of bonds at maturity or upon call for redemption and the default continues for a period of 30 days or if the authority fails or refuses to comply with the provisions of this chapter, […]
Section 41C.10 — Bonds As Legal Investments.
41C.10 BONDS AS LEGAL INVESTMENTS. Bonds are securities in which public officers, state departments and agencies, political subdivisions, insurance companies, and other persons carrying on an insurance business, banks, trust companies, savings associations, investment companies, and other persons carrying on a banking business, administrators, executors, guardians, conservators, trustees, and other fiduciaries and other persons authorized […]
Section 41C.11 — Conflicts Of Interest.
41C.11 CONFLICTS OF INTEREST. Subdivision 1. Disclosure; prohibitions. If a member or employee of the authority has an interest, either direct or indirect, in a contract to which the authority is or is to be a party or in a mortgage lender requesting a loan from or offering to sell mortgage or secured loans to […]
Section 41C.12 — Application And Origination Fee.
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 […]
Section 41C.03 — Guiding Principles.
41C.03 GUIDING PRINCIPLES. (a) In the performance of its duties, implementation of its powers, and selection of specific programs and projects to receive its assistance under this chapter, the authority must be guided by the principles in paragraphs (b) to (e). (b) The authority shall not become an owner of real or depreciable property, except […]