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AGRICULTURAL RESOURCES LOAN PARTICIPATION.

Minn. Stat. § 41A.035
in effect
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41A.035. AGRICULTURAL RESOURCES LOAN PARTICIPATION. The board may participate in loans made to finance agricultural resource projects by purchasing from a lender up to 75 percent of the amount of each eligible loan. If the loan participated in is for $500,000 or less, the loan may be for 100 percent of the cost of the project. If the loan participated in exceeds $500,000, the loan may not exceed 80 percent of the cost of the project. The lender shall service the loan or cause it to be serviced in a manner that equally protects the lender's and the board's interests. 1987 c 386 art 9 s 11
Source: Minnesota Office of the Revisor of Statutes (revisor.mn.gov)URL: https://www.revisor.mn.gov/statutes/cite/41A.035Fetched: 10/19/2026

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