Legislative Session number- 82

Bill Name: SF2594

E Requiring and providing for the rural finance authority to establish and
implement a methane digester loan program to finance systems using manure to
produce electricity; establishing a revolving fund for the deposit of loan
repayments and appropriating money in the fund to the commissioner of
agriculture for the manure digester loan program; specifying borrower
eligibility requirements and providing for RFA direct loans or loan
participation, specifying interest rate and loan amortization limits and
security requirements; authorizing the RFA to impose an application fee, setting
the initial fee, requiring crediting of fees received to the revolving fund;
specifying certain loan criteria; transferring the remaining balance in the
shared savings loan program revolving account dedicated to manure digester loans
to the new revolving fund and requiring the deposit of future receipts from
manure digester and disaster recovery loans in the revolving fund; authorizing
the commissioner to participate in a zero interest loan to the university of
Minnesota for purchase of a methane digester, specifying a loan limit (je, ja)