Section 41B.07 — Rules.
41B.07 RULES. The authority may adopt rules for the efficient administration of sections 41B.01 to 41B.23. History: 1986 c 398 art 6 s 7; 1987 c 396 art 1 s 31; 1997 c 187 art 1 s 2
Section 41B.045 — Livestock Expansion And Modernization Loan Program.
41B.045 LIVESTOCK EXPANSION AND MODERNIZATION LOAN PROGRAM. Subdivision 1. Establishment. The authority may establish, adopt rules for, and implement a loan program to finance livestock expansions and modernizations in the state. Subd. 2. Loan participation. The authority may participate in a livestock expansion and modernization loan with an eligible lender to a livestock farmer who […]
Section 41B.046 — Value-added Agricultural Product Loan Program.
41B.046 VALUE-ADDED AGRICULTURAL PRODUCT LOAN PROGRAM. Subdivision 1. Definitions. For purposes of this section: (1) “Agricultural commodity” has the meaning given in section 17.90. (2) “Agricultural product processing facility” means land, buildings, structures, fixtures, and improvements located or to be located in Minnesota and used or operated primarily for the processing or production of marketable […]
Section 41B.047 — Disaster Recovery Loan Program.
41B.047 DISASTER RECOVERY LOAN PROGRAM. Subdivision 1. Establishment. The authority shall establish and implement a disaster recovery loan program to help farmers: (1) clean up, repair, or replace farm structures and septic and water systems, as well as replace seed, other crop inputs, feed, and livestock; (2) purchase watering systems, irrigation systems, and other drought […]
Section 41B.048 — Agroforestry Loan Program.
41B.048 AGROFORESTRY LOAN PROGRAM. Subdivision 1. Purpose. The purpose of the agroforestry loan program is to provide low-interest financing to farmers during the growing period required to convert agricultural land to agroforestry. Subd. 2. Establishment. The authority shall establish and implement an agroforestry loan program to help finance the production of short rotation woody crops. […]
Section 41B.049 — Methane Digester Loan Program.
41B.049 METHANE DIGESTER LOAN PROGRAM. Subdivision 1. Establishment. The authority shall establish and implement a methane digester loan program to help finance the purchase of necessary equipment and the construction or improvement of a system that utilizes manure to produce electricity. Subd. 2. Deposit of repayments. All repayments of financial assistance granted under subdivision 1, […]
Section 41B.055 — Livestock Equipment Loan Program.
41B.055 LIVESTOCK EQUIPMENT LOAN PROGRAM. Subdivision 1. Establishment. The authority must establish and implement a livestock equipment loan program to help finance the purchase of livestock-related equipment and make livestock facilities improvements. Subd. 2. Eligibility. Notwithstanding section 41B.03, to be eligible for this program a borrower must: (1) be a resident of Minnesota or general […]
Section 41B.056 — Pilot Agricultural Microloan Program.
41B.056 PILOT AGRICULTURAL MICROLOAN PROGRAM. Subdivision 1. Establishment. The authority shall establish and implement a pilot agricultural microloan program to help finance the production of specialty crops or eligible livestock. The authority may contract with an intermediary to provide an efficient delivery system for this program. Subd. 2. Definitions. (a) The definitions in this subdivision […]
Section 41B.036 — General Powers Of The Authority.
41B.036 GENERAL POWERS OF THE AUTHORITY. For the purpose of exercising the specific powers granted in section 41B.04 and effectuating the other purposes of sections 41B.01 to 41B.23 the authority has the general powers granted in this section. (a) It may sue and be sued. (b) It may have a seal and alter the seal. […]
Section 41B.037 — Homestead Redemption Program.
41B.037 HOMESTEAD REDEMPTION PROGRAM. The authority may establish and implement a homestead redemption program under sections 41B.01 to 41B.23. The purpose of the program is to assist persons who have lost their farms due to foreclosure, granting a deed in lieu of foreclosure, or other actions necessary to settle their agricultural debts, and who are […]