Minnesota § 41A.023 POWERS

Minnesota Statutes

§ 41A.023 — POWERS

Minnesota § 41A.023

PartAGRICULTURE

Ch. 41AAGRICULTURAL DEVELOPMENT

This text of Minnesota § 41A.023 (POWERS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 41A.023 (2026).

Text

In addition to other powers granted by this chapter, the board may:

(1)sue and be sued;

(2)acquire, hold, lease, and transfer any interest in real and personal property for its corporate purposes;

(3)sell at public or private sale, at the price or prices determined by the board, any note, mortgage, lease, sublease, lease purchase, or other instrument or obligation evidencing or securing a loan made for the purpose of economic development, job creation, redevelopment, or community revitalization by a public agency to a business, for-profit or nonprofit organization, or an individual;

(4)obtain insurance on its property;

(5)obtain municipal bond insurance, letters of credit, surety obligations, or similar agreements from financial institutions;

(6)enter into other agreements or transac

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In addition to other powers granted by this chapter, the board may:
(1) sue and be sued;
(2) acquire, hold, lease, and transfer any interest in real and personal property for its corporate purposes;
(3) sell at public or private sale, at the price or prices determined by the board, any note, mortgage, lease, sublease, lease purchase, or other instrument or obligation evidencing or securing a loan made for the purpose of economic development, job creation, redevelopment, or community revitalization by a public agency to a business, for-profit or nonprofit organization, or an individual;
(4) obtain insurance on its property;
(5) obtain municipal bond insurance, letters of credit, surety obligations, or similar agreements from financial institutions;
(6) enter into other agreements or transactions, without regard to chapter 16B or 16C, that the board considers necessary or appropriate to carry out the purposes of this chapter with federal or state agencies, political subdivisions of the state, or other persons, firms, or corporations;
(7) establish and collect fees without regard to chapter 14 and section16A.1285;
(8) accept appropriations, gifts, grants, and bequests;
(9) use money received from any source for any legal purpose or program of the board;
(10) participate in loans for agricultural resource projects in accordance with section41A.035;
(11) provide small business development loans in accordance with section41A.036; and
(12) guarantee or insure bonds or notes issued by the board.