Bill > SF3752

This bill authorizes the sale and issuance of state bonds to provide $50,000,000 for the Rural Finance Authority (RFA), a state agency that supports farmers. This money will be used to purchase participation interests in or make direct agricultural loans to farmers, specifically for programs like the beginning farmer program, loan restructuring, seller-sponsored loans, agricultural improvement loans, and livestock expansion and modernization loans, all aimed at supporting agricultural development in Minnesota. The RFA will be responsible for repaying the debt service on these bonds, and loan participations must be structured to cover all costs and potential losses, with priority given to beginning farmer loans, then seller-sponsored loans, and finally agricultural improvement loans. Additionally, $50,000 is appropriated for bond sale expenses. The total amount authorized for bond sales is up to $50,050,000 to cover both the appropriation and associated expenses.

Budget and Finance

https://www.revisor.mn.gov/bills/94/2026/0/SF/3752/