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Capital IconMinnesota Legislature

Legislative Session number- 82

Bill Name: SF1497

Modifying certain provisions relating to the rural finance authority (RFA);
authorizing a state auditor designee to serve on the authority board;
eliminating the debt to asset ratio requirement for restructured loan
eligibility purposes; increasing the authority dollar amount participation limit
for agricultural improvement loans and eliminating the prohibition on use of the
loans to refinance existing debt; expanding authorized use of value added
agricultural product loans to the purchase of stock in cooperatives already
owning and operating agricultural product processing facilities (mk)