reglab/housing_qa huggingface dataset:
MN Stat § 41B.026 (2021)
2021 Minnesota Statutes|Chapters 17 - 43 — Agriculture|Chapter 41B — Rural Finance Authority|Section 41B.026 — Telephone Or Electronic Meeting.

41B.026 TELEPHONE OR ELECTRONIC MEETING. (a) Notwithstanding section 13D.01, the Rural Finance Authority may conduct a meeting of its members by telephone or other electronic means so long as the following conditions are met: (1) all members of the authority participating in the meeting, wherever their physical location, can hear one another and can hear all discussion and testimony; (2) members of the public present at the regular meeting location of the authority can hear all discussion and testimony and all votes of members of the authority; (3) at least one member of the authority is physically present at the regular meeting location; and (4) all votes are conducted by roll call, so each member's vote on each issue can be identified and recorded. (b) Each member of the authority participating in a meeting by telephone or other electronic means is considered present at the meeting for purposes of determining a quorum and participating in all proceedings. (c) If telephone or other electronic means is used to conduct a meeting, the authority, to the extent practical, shall allow a person to monitor the meeting electronically from a remote location. The authority may require the person making such a connection to pay for documented marginal costs that the authority incurs as a result of the additional connection. (d) If telephone or other electronic means is used to conduct a regular, special, or emergency meeting, the authority shall provide notice of the regular meeting location, of the fact that some members may participate by telephone or other electronic means, and of the provisions of paragraph (c). The timing and method of providing notice is governed by section 13D.04. History:   1997 c 154 s 3
MN Stat § 41B.037 (2021)
2021 Minnesota Statutes|Chapters 17 - 43 — Agriculture|Chapter 41B — Rural Finance Authority|Section 41B.037 — Homestead Redemption Program.

41B.037 HOMESTEAD REDEMPTION PROGRAM. The authority may establish and implement a homestead redemption program under sections 41B.01 to 41B.23. The purpose of the program is to assist persons who have lost their farms due to foreclosure, granting a deed in lieu of foreclosure, or other actions necessary to settle their agricultural debts, and who are otherwise unable to secure the credit necessary to repurchase their farm homestead. The authority may enter into agreements with an eligible lender for the purposes of the program. The authority may, by rule, establish eligibility standards for the program that are different from those established for other programs of the authority. The authority's interest in a homestead redemption loan may not exceed one-half of the loan amount or $25,000, whichever is less. History:   1987 c 396 art 1 s 15
MN Stat § 41B.038 (2021)
2021 Minnesota Statutes|Chapters 17 - 43 — Agriculture|Chapter 41B — Rural Finance Authority|Section 41B.038 — Programs For Commitments To Other Entities.

41B.038 PROGRAMS FOR COMMITMENTS TO OTHER ENTITIES. 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 section 41B.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 section 41B.19 or 41B.195 to finance any programs established under this section. History:  1987 c 396 art 1 s 16; 2009 c 101 art 2 s 109
MN Stat § 41B.039 (2021)
2021 Minnesota Statutes|Chapters 17 - 43 — Agriculture|Chapter 41B — Rural Finance Authority|Section 41B.039 — Beginning Farmer Program.

41B.039 BEGINNING FARMER PROGRAM. Subdivision 1. Establishment. The authority may establish, develop criteria, and implement a beginning farmer program. Subd. 2. State participation. The state may participate in a new real estate loan with an eligible lender to a beginning farmer to the extent of 45 percent of the principal amount of the loan or $400,000, whichever is less. The interest rates and repayment terms of the authority's participation interest may be different than the interest rates and repayment terms of the lender's retained portion of the loan. Subd. 3.  [Repealed, 1989 c 273 s 8] Subd. 4.  [Repealed, 1989 c 273 s 8] Subd. 5.  [Repealed, 1989 c 273 s 8] History:  1987 c 396 art 1 s 17; 1988 c 688 art 10 s 4-6; 1989 c 273 s 6; 1992 c 381 s 6; 1992 c 532 s 1; 1993 c 332 s 3; 2000 c 477 s 55; 2000 c 488 art 3 s 14; 2004 c 254 s 16; 2009 c 94 art 1 s 84; 2015 c 44 s 22
MN Stat § 41B.042 (2021)
2021 Minnesota Statutes|Chapters 17 - 43 — Agriculture|Chapter 41B — Rural Finance Authority|Section 41B.042 — Seller-sponsored Program.

41B.042 SELLER-SPONSORED PROGRAM. Subdivision 1. Establishment. The authority must, within 120 days after August 1, 1989, establish, develop criteria, and implement a seller-sponsored loan participation program to assist persons entering or reentering farming. The authority must conduct a study on the feasibility of implementing a program for assistance to persons entering or reentering farming through seller-participation contracts for deed and report to the legislature by January 15, 1990. Subd. 2. Security. Seller-sponsored loans in which the authority holds an interest must be secured by a real estate mortgage evidenced by one or more notes that may carry different interest rates. Subd. 3. Prohibited participation. The authority may not participate in seller-sponsored loans if the buyer or seller has previously participated in a family farm security loan or a seller-sponsored loan under chapter 41. Unless the loan is partially financed by an eligible lender, the authority may not participate in loans between persons that are related to each other as parent and child, brother and sister, grandparent and grandchild, uncle or aunt and niece or nephew, or first cousins. Subd. 4. Participation limit; interest. The authority may participate in new seller-sponsored loans to the extent of 45 percent of the principal amount of the loan or $400,000, whichever is less. The interest rates and repayment terms of the authority's participation interest may be different than the interest rates and repayment terms of the seller's retained portion of the loan. History:  1989 c 273 s 7; 1992 c 532 s 2; 1993 c 332 s 4; 2000 c 477 s 57; 2000 c 488 art 3 s 16; 2004 c 254 s 18; 2009 c 94 art 1 s 86; 2015 c 44 s 24
MN Stat § 41B.044 (2021)
2021 Minnesota Statutes|Chapters 17 - 43 — Agriculture|Chapter 41B — Rural Finance Authority|Section 41B.044 — Ethanol Development Program.

41B.044 ETHANOL DEVELOPMENT PROGRAM. Subdivision 1. Ethanol production facility loan program. The authority may establish, adopt rules for, and implement an ethanol production facility loan program to provide capital for ethanol production facilities. The program may provide for secured or unsecured loans, loan participations and loan guarantees with respect to real or personal property comprising all or part of an ethanol production facility, and the payment of costs incurred by the authority to establish and administer the program. Subd. 2. Ethanol development fund. There is established in the state treasury an ethanol development fund. All repayments of financial assistance granted under subdivision 1, including principal and interest, must be deposited into the general fund. Subd. 3. Revenue bonds. The authority may issue revenue bonds to finance the ethanol production facility loan program in accordance with sections 41B.08 to 41B.15, 41B.17, and 41B.18. Bonds may be refunded by the issuance of refunding bonds in the manner authorized by chapter 475. Subd. 4. Program requirements. The requirements in this subdivision apply to the ethanol production facility loan program. (a) Individuals, corporations, cooperatives, partnerships, and joint ventures may participate in the program and are not required to meet the eligibility requirements of section 41B.03, subdivision 1. (b) Program participants may be required to pay reasonable nonrefundable application fees and origination fees established by the authority by rule under section 41B.07. Application and origination fees received by the authority must be deposited in the ethanol development fund. (c) Total assistance provided to an ethanol production facility from appropriated funds must not exceed $500,000 or a lesser amount as provided by rules relating to the program. (d) The interest payable on loans and loan participations made by the authority must, if funded by revenue bond proceeds, be at a rate not less than the rate on the revenue bonds, and may be established at a higher rate necessary to pay costs associated with the issuance of the revenue bonds and a proportionate share of the cost of administering the program. The interest payable on loans and loan participations funded from sources other than revenue bond proceeds must be at a rate determined by the authority. History:  1993 c 342 s 11; 1994 c 642 s 3; 1999 c 231 s 82
MN Stat § 41B.045 (2021)
2021 Minnesota Statutes|Chapters 17 - 43 — Agriculture|Chapter 41B — Rural Finance Authority|Section 41B.045 — Livestock Expansion And Modernization Loan Program.

41B.045 LIVESTOCK EXPANSION AND MODERNIZATION LOAN PROGRAM. Subdivision 1. Establishment. The authority may establish, adopt rules for, and implement a loan program to finance livestock expansions and modernizations in the state. Subd. 2. Loan participation. The authority may participate in a livestock expansion and modernization loan with an eligible lender to a livestock farmer who meets the requirements of section 41B.03, subdivision 1, clauses (1) and (2), and who are actively engaged in a livestock operation. A prospective borrower must have a total net worth, including assets and liabilities of the borrower's spouse and dependents, of less than $1,700,000 in 2017 and an amount in subsequent years which is adjusted for inflation by multiplying that amount by the cumulative inflation rate as determined by the United States All-Items Consumer Price Index. Participation is limited to 45 percent of the principal amount of the loan or $525,000, whichever is less. The interest rates and repayment terms of the authority's participation interest may be different from the interest rates and repayment terms of the lender's retained portion of the loan. Subd. 3. Specifications. Each loan participation must be secured by a mortgage on real property and such other security as the authority may require. Subd. 4. Application and origination fee. The authority may impose a reasonable nonrefundable application fee for each application for a loan participation and an origination fee for each loan issued under the livestock expansion and modernization loan program. The origination fee initially shall be set at 1.5 percent and the application fee at $50. The authority may review the fees annually and make adjustments as necessary. The fees must be deposited in the state treasury and credited to the Rural Finance Authority administrative account established in section 41B.03. Subd. 5. Interest rate. The interest rate per annum on the livestock expansion and modernization loan participation must be at the rate of interest determined by the authority to be necessary to provide for the timely payment of principal and interest when due on bonds or other obligations of the authority issued under this chapter, to provide financing for loan participations made under the livestock expansion and modernization loan program, and to provide for reasonable and necessary costs of issuing, carrying, administering, and securing the bonds or notes and to pay the costs incurred and to be incurred by the authority in the implementation of the livestock expansion and modernization loan program. History:  1994 c 619 s 7; 1995 c 220 s 55; 2000 c 477 s 59; 2000 c 488 art 3 s 18; 2002 c 379 art 1 s 15; 2004 c 254 s 21; 2009 c 94 art 1 s 88; 2015 c 44 s 26; 1Sp2015 c 4 art 2 s 66,67; 2017 c 88 art 2 s 63; 1Sp2019 c 1 art 2 s 14
MN Stat § 41B.049 (2021)
2021 Minnesota Statutes|Chapters 17 - 43 — Agriculture|Chapter 41B — Rural Finance Authority|Section 41B.049 — Methane Digester Loan Program.

41B.049 METHANE DIGESTER LOAN PROGRAM. Subdivision 1. Establishment. The authority shall establish and implement a methane digester loan program to help finance the purchase of necessary equipment and the construction or improvement of a system that utilizes manure to produce electricity. Subd. 2. Deposit of repayments. All repayments of financial assistance granted under subdivision 1, including principal and interest, must be deposited into the revolving loan account established in section 41B.06. Subd. 3. Eligibility. Notwithstanding section 41B.03, to be eligible for a loan under this section a borrower must: (1) locate the projects and utilize the equipment and practices on land located in Minnesota; (2) provide evidence of financial stability; (3) demonstrate an ability to repay the loan; and (4) provide evidence that the practices implemented and capital assets purchased will be properly managed and maintained. Subd. 4. Loans. (a) The authority may make a direct loan or participate in a loan with an eligible lender to a farmer who is eligible under subdivision 3. Repayment terms of the authority's participation interest may differ from repayment terms of the lender's retained portion of the loan. Loans made under this section must be no-interest loans. (b) Application for a direct loan or a loan participation must be made on forms prescribed by the authority. (c) Standards for loan amortization shall be set by the Rural Finance Authority not to exceed ten years. (d) Security for the loans must be a personal note executed by the borrower and whatever other security is required by the eligible lender or the authority. (e) No loan proceeds may be used to refinance a debt existing prior to application. (f) The authority may impose a reasonable nonrefundable application fee for each application for a direct loan or a loan participation. The authority may review the application fees annually and make adjustments as necessary. The application fee is initially set at $100 for a loan under subdivision 1. The fees received by the authority must be deposited in the Rural Finance Authority administrative account established in section 41B.03. Subd. 5. Loan criteria. (a) To be eligible, a borrower must be a resident of Minnesota or an entity that is not prohibited from owning agricultural land under section 500.24. (b) State participation in a participation loan is limited to 45 percent of the principal amount of the loan. A direct loan or loan participation may not exceed $250,000. (c) Loans under this program may be used as a match for federal loans or grants. (d) A borrower who has previously received a loan under subdivision 1 may receive another methane digester loan under subdivision 1 if the previous loan has been repaid in full. History:  2002 c 373 s 27; 1Sp2005 c 1 art 1 s 74,75; 1Sp2015 c 4 art 2 s 73; 2019 c 38 s 24,25
MN Stat § 41B.056 (2021)
2021 Minnesota Statutes|Chapters 17 - 43 — Agriculture|Chapter 41B — Rural Finance Authority|Section 41B.056 — Pilot Agricultural Microloan Program.

41B.056 PILOT AGRICULTURAL MICROLOAN PROGRAM. Subdivision 1. Establishment. The authority shall establish and implement a pilot agricultural microloan program to help finance the production of specialty crops or eligible livestock. The authority may contract with an intermediary to provide an efficient delivery system for this program. Subd. 2. Definitions. (a) The definitions in this subdivision apply to this section. (b) "Intermediary" means any lending institution or other organization of a for-profit or nonprofit nature that is in good standing with the state of Minnesota that has the appropriate business structure and trained personnel suitable to providing efficient disbursement of loan funds and the servicing and collection of loans. (c) "Specialty crops" means agricultural crops, such as annuals, flowers, perennials, and other horticultural products, that are intensively cultivated. (d) "Eligible livestock" means beef cattle, dairy cattle, swine, poultry, goats, mules, farmed Cervidae, Ratitae, bison, sheep, horses, and llamas. Subd. 3. Eligibility. To be eligible for this program a borrower must: (1) be a legal resident of Minnesota; (2) either: (i) be a member of a protected group as defined in section 43A.02, subdivision 33; or (ii) be a qualified noncitizen as defined in section 256B.06, subdivision 4, paragraph (b); (3) be or plan to become a grower of specialty crops or eligible livestock; (4) market or contract to market the specialty crops or eligible livestock; and (5) demonstrate an ability to repay the loan. Subd. 4. Loans. (a) The authority may disburse loans through an intermediary to farmers who are eligible under subdivision 3. The total accumulative loan principal must not exceed $20,000 per loan. (b) Refinancing an existing debt is not an eligible purpose. (c) The loan may be disbursed over a period not to exceed six years. (d) A borrower may receive loans, depending on the availability of funds, up to 70 percent of the estimated value of the crop or livestock. (e) Security for the loan must be a personal note executed by the borrower and any other security required by the intermediary or the authority. (f) The authority may prescribe forms and establish an application process for applicants to apply for a loan. (g) The interest payable on loans for the pilot agricultural microloan program must be at a rate determined by the authority. (h) Loans under this program will be made using money in the revolving loan account established under section 41B.06. (i) Repayments of financial assistance under this section, including principal and interest, must be deposited into the revolving loan account established under section 41B.06. History:  2012 c 244 art 1 s 48; 1Sp2015 c 4 art 2 s 75; 2020 c 89 art 4 s 25
MN Stat § 41B.057 (2021)
2021 Minnesota Statutes|Chapters 17 - 43 — Agriculture|Chapter 41B — Rural Finance Authority|Section 41B.057 — Farm Opportunity Loan Program.

41B.057 FARM OPPORTUNITY LOAN PROGRAM. Subdivision 1. Establishment. The authority shall establish a farm opportunity loan program to provide loans that enable farmers to: (1) add value to crops or livestock produced in Minnesota; (2) adopt best management practices that emphasize sufficiency and self-sufficiency; (3) reduce or improve management of agricultural inputs resulting in environmental improvements; or (4) increase production of on-farm energy. Subd. 2. Loan criteria. (a) The farm opportunity loan program shall provide loans for purchase of new or used equipment and installation of equipment for projects that make environmental improvements and enhance farm profitability. The loan program shall also be used to add value to crops or livestock produced in Minnesota by, but not limited to, initiating or expanding livestock product processing; purchasing equipment to initiate, upgrade, or modernize value-added agricultural businesses; or increasing farmers' processing and aggregating capacity facilitating entry into farm-to-institution and other markets. Eligible loan uses do not include expenses related to seeds, fertilizer, fuel, or other operating expenses. (b) The authority may impose a reasonable, nonrefundable application fee for a farm opportunity loan. The authority may review the fee annually and make adjustments as necessary. The initial application fee is $50. Application fees received by the authority must be deposited in the Rural Finance Authority administrative account established in section 41B.03. (c) Loans may only be made to Minnesota residents engaged in farming. Standards for loan amortization must be set by the Rural Finance Authority and must not exceed ten years. (d) The borrower must show the ability to repay the loan. (e) Refinancing of existing debt is not an eligible expense. (f) Loans under this program must be made using money in the revolving loan account established in section 41B.06. Subd. 3. Loan participation. The authority may participate in a farm opportunity loan with an eligible lender, as defined in section 41B.02, subdivision 8, to a farmer or a group of farmers on joint projects who are eligible under subdivision 2, paragraph (c), and who are actively engaged in farming. Participation is limited to 45 percent of the principal amount of the loan or $100,000 per individual, whichever is less. For loans to a group made up of four or more individuals, participation is limited to 45 percent of the principal amount of the loan or $250,000, whichever is less. The interest rate on the loans must not exceed six percent. History:  1Sp2015 c 4 art 2 s 76; 2019 c 38 s 27
MN Stat § 41B.06 (2021)
2021 Minnesota Statutes|Chapters 17 - 43 — Agriculture|Chapter 41B — Rural Finance Authority|Section 41B.06 — Rural Finance Authority Revolving Loan Account.

41B.06 RURAL FINANCE AUTHORITY REVOLVING LOAN ACCOUNT. There is established in the rural finance administration fund a Rural Finance Authority revolving loan account that is eligible to receive appropriations and the transfer of loan funds from other programs. All repayments of financial assistance granted from this account, including principal and interest, must be deposited into this account. Interest earned on money in the account accrues to the account, and the money in the account is appropriated to the commissioner of agriculture for purposes of the Rural Finance Authority livestock equipment, methane digester, disaster recovery, value-added agricultural product, agroforestry, agricultural microloan, and farm opportunity loan programs, including costs incurred by the authority to establish and administer the programs. History:  1Sp2005 c 1 art 1 s 77; 2007 c 45 art 1 s 54; 2012 c 244 art 1 s 49; 1Sp2015 c 4 art 2 s 77
MN Stat § 41B.07 (2021)
2021 Minnesota Statutes|Chapters 17 - 43 — Agriculture|Chapter 41B — Rural Finance Authority|Section 41B.07 — Rules.

41B.07 RULES. The authority may adopt rules for the efficient administration of sections 41B.01 to 41B.23. History:  1986 c 398 art 6 s 7; 1987 c 396 art 1 s 31; 1997 c 187 art 1 s 2