Minnesota § 41B.038 PROGRAMS FOR COMMITMENTS TO OTHER ENTITIES

Minnesota Statutes

§ 41B.038 — PROGRAMS FOR COMMITMENTS TO OTHER ENTITIES

Minnesota § 41B.038

PartAGRICULTURE

Ch. 41BRURAL FINANCE AUTHORITY

This text of Minnesota § 41B.038 (PROGRAMS FOR COMMITMENTS TO OTHER ENTITIES) 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. § 41B.038 (2026).

Text

The authority may establish programs to make or purchase and enter into commitments to make or purchase qualified agricultural loans or portions of the loans issued to persons described in section41B.03, subdivision 1. The agricultural loans must be insured or guaranteed by the United States Department of Agriculture, Farmers Home Administration, Farm Credit System, a subdivision of the Farm Credit System, or any similar federal agency or federally chartered institution whose obligations are directly or indirectly guaranteed or insured by the United States. The commissioner of management and budget may not issue general obligation bonds pursuant to section41B.19or41B.195to finance any programs established under this section.

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The authority may establish programs to make or purchase and enter into commitments to make or purchase qualified agricultural loans or portions of the loans issued to persons described in section41B.03, subdivision 1. The agricultural loans must be insured or guaranteed by the United States Department of Agriculture, Farmers Home Administration, Farm Credit System, a subdivision of the Farm Credit System, or any similar federal agency or federally chartered institution whose obligations are directly or indirectly guaranteed or insured by the United States. The commissioner of management and budget may not issue general obligation bonds pursuant to section41B.19or41B.195to finance any programs established under this section.