Source: https://www.revisor.mn.gov/statutes/2019/cite/41B.055
Timestamp: 2020-05-26 12:08:03
Document Index: 66362438

Matched Legal Cases: ['art 2', 'art 2', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 2', 'art 2']

﻿ Sec. 41B.055 MN Statutes
Section 41B.055
41B.05 41B.056
2019 Subd. 3 Amended 2019 c 38 s 26
2019 Subd. 4 Amended 2019 c 1 art 2 s 15
2015 Subd. 3 Amended 2015 c 4 art 2 s 74
2012 Subd. 1 Amended 2012 c 244 art 1 s 47
2007 41B.055 Amended 2007 c 45 art 1 s 53
2005 41B.055 New 2005 c 1 art 1 s 76
(a) The authority may participate in a livestock equipment loan equal to 90 percent of the purchased equipment value with an eligible lender to a farmer who is eligible under subdivision 2. Participation is limited to 45 percent of the principal amount of the loan or $100,000, whichever is less. The interest rates and repayment terms of the authority's participation interest may differ from the interest rates and repayment terms of the lender's retained portion of the loan, but the authority's interest rate must not exceed three percent. The authority may review the interest annually and make adjustments as necessary.
(5) milking equipment, including robotic equipment;
1Sp2005 c 1 art 1 s 76; 2007 c 45 art 1 s 53; 2012 c 244 art 1 s 47; 1Sp2015 c 4 art 2 s 74; 2019 c 38 s 26; 1Sp2019 c 1 art 2 s 15