reglab/statecodes huggingface dataset:
2023 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
2023 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
2023 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
2023 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
2023 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
2023 Minnesota Statutes › Chapters 17 - 43 — Agriculture › Chapter 41B — Rural Finance Authority › Section 41B.09 — Revenue Bonds; Resolutions Authorizing, Additional Terms, Sale.

41B.09 REVENUE BONDS; RESOLUTIONS AUTHORIZING, ADDITIONAL TERMS, SALE.
The bonds of the authority must be authorized by a resolution or resolutions adopted by the authority, bear such date or dates, mature at such time or times, bear interest at such rate or rates, be in such denominations, be in such form, carry such registration privileges, be executed in such manner, be payable in lawful money of the United States, at such place or places within or without the state, and be subject to such terms of redemption or purchase prior to maturity as the resolutions or certificates may provide. If, for any reason, whether existing at the date of issue of any bonds or at the date of making or purchasing any loan or securities from the proceeds or after that date, the interest on any bonds is or becomes subject to federal income taxation, this shall not impair or affect the validity or the provisions made for the security of the bonds. The authority may make covenants and take or cause to be taken actions which are in its judgment necessary or desirable and possible to comply with conditions established by federal law or regulations for the exemption of interest on its obligations. The authority may refrain from compliance with those conditions if in its judgment this would serve the purposes and policies set forth in sections 41B.01 to 41B.23 with respect to any particular issue of bonds, unless this would violate covenants made by the authority. The bonds of the authority may be sold at public or private sale at a price or prices determined by the authority. The underwriting discount, spread, or commission paid or allowed to the underwriters of the bonds, however, must be an amount not in excess of the amount determined by the authority to be reasonable in the light of the risk assumed and the expenses of issuance, if any, required to be paid by the underwriters.
History:
1986 c 398 art 6 s 9; 1987 c 396 art 1 s 31
2023 Minnesota Statutes › Chapters 17 - 43 — Agriculture › Chapter 41B — Rural Finance Authority › Section 41B.10 — Revenue Bonds; Optional Resolution And Contract Provisions.

41B.10 REVENUE BONDS; OPTIONAL RESOLUTION AND CONTRACT PROVISIONS.
Any resolution authorizing any bonds or any issue of bonds may contain provisions, which must be a part of the contract with the holders of the bonds, as to the matters referred to in this section.
(a) It may pledge or create a lien on all or any part of the money or property of the authority and any money held in trust or otherwise by others to secure the payment of the bonds or of any issue of bonds, subject to any agreements with bondholders which exist.
(b) It may provide for the custody, collection, securing, investment, and payment of any money of the authority.
(c) It may set aside reserves or sinking funds and provide for their regulation and disposition and may create other special funds into which any money of the authority may be deposited.
(d) It may limit the loans and securities to which the proceeds of sale of bonds may be applied and may pledge repayments thereon to secure the payment of the notes or bonds or of any issue of notes or bonds.
(e) It may limit the issuance of additional bonds, the terms upon which additional bonds may be issued and secured, and the refunding of outstanding or other bonds.
(f) It may prescribe the procedure, if any, by which the terms of any contract with bondholders may be amended or abrogated, the amount of bonds the holders of which must consent to the amendment or abrogation, and the manner in which that consent may be given.
(g) It may vest in a trustee or trustees property, rights, powers, and duties in trust determined by the authority, which may include any or all of the rights, powers, and duties of the bondholders, or may limit the rights, powers, and duties of the trustee.
(h) It may define the acts or omissions to act which constitute a default in the obligations and duties of the authority and may provide for the rights and remedies of the holders of bonds in the event of a default, and provide any other matters of like or different character, consistent with the general laws of the state and other provisions of sections 41B.01 to 41B.23, which in any way affect the security or protection of the bonds and the rights of the bondholders.
History:
1986 c 398 art 6 s 10; 1987 c 396 art 1 s 31
2023 Minnesota Statutes › Chapters 17 - 43 — Agriculture › Chapter 41B — Rural Finance Authority › Section 41B.11 — Pledges.

41B.11 PLEDGES.
Any pledge made by the authority is valid and binding from the time the pledge is made. The money or property pledged and later received by the authority is immediately subject to the lien of the pledge without any physical delivery of the property or money or further act, and the lien of any pledge is valid and binding as against all parties having claims of any kind in tort, contract, or otherwise against the authority, whether or not those parties have notice of the lien or pledge. Neither the resolution nor any other instrument by which a pledge is created need be recorded.
History:
1986 c 398 art 6 s 11; 1987 c 396 art 1 s 31
2023 Minnesota Statutes › Chapters 17 - 43 — Agriculture › Chapter 41B — Rural Finance Authority › Section 41B.12 — Revenue Bonds; Nonliability Of Individuals.

41B.12 REVENUE BONDS; NONLIABILITY OF INDIVIDUALS.
The members of the authority and its staff and any person executing the bonds are not personally liable on the bonds or subject to any personal liability or accountability by reason of their issuance.
History:
1986 c 398 art 6 s 12; 1987 c 396 art 1 s 26
2023 Minnesota Statutes › Chapters 17 - 43 — Agriculture › Chapter 41B — Rural Finance Authority › Section 41B.13 — Revenue Bonds; Purchase And Cancellation By Authority.

41B.13 REVENUE BONDS; PURCHASE AND CANCELLATION BY AUTHORITY.
The authority, subject to agreements with bondholders which may then exist, has power out of any funds available for the purpose to purchase bonds of the authority at a price not exceeding (a) if the bonds are then redeemable, the redemption price then applicable plus accrued interest to the next interest payment date thereon, or (b) if the bonds are not redeemable, the redemption price applicable on the first date after the purchase upon which the bonds become subject to redemption plus accrued interest to that date.
History:
1986 c 398 art 6 s 13; 1987 c 396 art 1 s 31
2023 Minnesota Statutes › Chapters 17 - 43 — Agriculture › Chapter 41B — Rural Finance Authority › Section 41B.14 — Revenue Bonds; Nonliability Of State.

41B.14 REVENUE BONDS; NONLIABILITY OF STATE.
The state of Minnesota is not liable on bonds of the authority issued under sections 41B.08 and 41B.044 and those bonds are not a debt of the state. The bonds must contain on their face a statement to that effect.
History:
1986 c 398 art 6 s 14; 1987 c 396 art 1 s 31; 1993 c 342 s 12
2023 Minnesota Statutes › Chapters 17 - 43 — Agriculture › Chapter 41B — Rural Finance Authority › Section 41B.15 — State Pledge Against Impairment Of Contracts.

41B.15 STATE PLEDGE AGAINST IMPAIRMENT OF CONTRACTS.
The state pledges and agrees with the holders of any bonds issued under section 41B.08, that the state will not limit or alter the rights vested in the authority to fulfill the terms of any agreements made with the bondholders, or in any way impair the rights and remedies of the holders until the bonds, together with interest on them, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of the bondholders, are fully met and discharged. The authority may include this pledge and agreement of the state in any agreement with the holders of bonds issued under section 41B.08.
History:
1986 c 398 art 6 s 15; 1987 c 396 art 1 s 31
2023 Minnesota Statutes › Chapters 17 - 43 — Agriculture › Chapter 41B — Rural Finance Authority › Section 41B.16 — Security Account.

41B.16 SECURITY ACCOUNT.
Upon determining that a default may occur in the payment of principal or interest on any issue of bonds issued under section 41B.08, or if any debt service reserve fund established in connection with those bonds is drawn upon because the revenues of the program are not then sufficient to make any payment of the principal or interest on them, the authority shall certify those facts to the commissioner of management and budget and shall request that the commissioner of management and budget transfer from the security account established under section 41B.19, subdivision 5, to accounts or funds designated by the authority an amount required to cure the deficiency.
History:
1986 c 398 art 6 s 16; 1987 c 396 art 1 s 31; 2009 c 101 art 2 s 109
2023 Minnesota Statutes › Chapters 17 - 43 — Agriculture › Chapter 41B — Rural Finance Authority › Section 41B.17 — Powers And Duties Of Trustee.

41B.17 POWERS AND DUTIES OF TRUSTEE.
Subdivision 1.
General.
The trustee designated in any indenture or resolution securing an issue of bonds may, and upon written request of the holders of 25 percent in principal amount of the notes or bonds then outstanding shall, in the trustee's own name, subject to the provisions of the indenture or resolution:
(1) enforce all rights of the bondholders, including the right to require the authority to collect fees, charges, interest, and payments on loans or interests therein held by the authority and eligible securities purchased by it adequate to carry out any agreement as to, or pledge of, those fees, charges, and payments, and to require the authority to carry out any other agreements with the holders of the notes or bonds and to perform its duties under sections 41B.01 to 41B.23;
(2) bring suit upon the bonds;
(3) require the authority to account as if it were the trustee of any express trust for the holders of the bonds;
(4) enjoin any acts or things which may be unlawful or in violation of the rights of holders of the bonds; or
(5) declare all the bonds due and payable, and if all defaults are made good, then, with the consent of the holders of 25 percent of the principal amount of the bonds then outstanding, the trustee may annul the declaration and consequences.
Subd. 2.
Additional powers.
In addition to the powers in subdivision 1, the trustee has all of the powers necessary or appropriate for the exercise of any functions specifically set forth in this section or incident to the general representation of bondholders or noteholders in the enforcement and protection of their rights.
Subd. 3.
Venue; notice.
The venue of any action or proceedings brought by a trustee under sections 41B.01 to 41B.23, is in Ramsey County. Before declaring the principal of bonds due and payable, the trustee shall first give 30 days' notice in writing to the governor, the authority, and the commissioner of management and budget.
History:
1986 c 398 art 6 s 17; 1987 c 396 art 1 s 31; 2003 c 112 art 2 s 50; 2009 c 101 art 2 s 109
2023 Minnesota Statutes › Chapters 17 - 43 — Agriculture › Chapter 41B — Rural Finance Authority › Section 41B.195 — Additional Use Of General Obligation Bonds.

41B.195 ADDITIONAL USE OF GENERAL OBLIGATION BONDS.
If the Rural Finance Authority determines to issue revenue bonds under section 41B.08 for the purposes specified in section 41B.04, the commissioner may by order provide for the transfer of all or a portion of the remaining general obligation bond proceeds and interest on them, and all or a portion of the participations purchased with the bond proceeds and proceeds of them, to be transferred to the security account established in section 41B.19, subdivision 5, and used for the purposes specified in section 41B.19, subdivisions 1 and 5.
History:
1987 c 396 art 1 s 29,31; 1989 c 271 s 10; 1996 c 463 s 37
2023 Minnesota Statutes › Chapters 17 - 43 — Agriculture › Chapter 41B — Rural Finance Authority › Section 41B.20 — Exemption From Taxes.

41B.20 EXEMPTION FROM TAXES.
The property of the authority and its income and operation shall be exempt from all taxation by the state or any of its political subdivisions.
History:
1986 c 398 art 6 s 20; 1987 c 396 art 1 s 31
2023 Minnesota Statutes › Chapters 17 - 43 — Agriculture › Chapter 41B — Rural Finance Authority › Section 41B.21 — Certain Actions.

41B.21 CERTAIN ACTIONS.
Any action brought by any person with respect to the rights or powers of the authority or calling into question the validity or enforceability of bonds or obligations authorized by sections 41B.01 to 41B.23 is a remedial case of which the supreme court has original jurisdiction pursuant to article VI, section 2 of the constitution. The action may be commenced solely by service upon the state auditor, the commissioner of agriculture, or the executive director of the authority and by filing of the summons and complaint with the supreme court. Upon filing of an answer to the complaint, the court shall order a hearing which must be held not later than 30 days from the date of filing of the answer. At the hearing, the court shall establish an expedited schedule for the action.
History:
1986 c 398 art 6 s 21; 1987 c 396 art 1 s 31
2023 Minnesota Statutes › Chapters 17 - 43 — Agriculture › Chapter 41B — Rural Finance Authority › Section 41B.211 — Data Privacy.

41B.211 DATA PRIVACY.
Subdivision 1.
Data on individuals.
Financial information, including credit reports, financial statements, and net worth calculations, received or prepared by the authority regarding any authority loan and the name of each individual who is the recipient of a loan are private data on individuals, under chapter 13, except that information obtained under the agricultural development bond program in sections 41C.01 to 41C.13 may be released as required by federal tax law.
Subd. 2.
Data not on individuals.
The following data submitted to the authority by businesses that are requesting financial assistance are nonpublic data as defined in section 13.02: financial information about the applicant, including credit reports, financial statements, net worth calculations, business plans, income and expense projections, customer lists, market and feasibility studies not paid for with public funds, tax returns, and financial reports provided to the authority after closing of the financial assistance.
History:
1987 c 396 art 1 s 30; 1991 c 332 s 5; 1995 c 259 art 1 s 29
2023 Minnesota Statutes › Chapters 17 - 43 — Agriculture › Chapter 41B — Rural Finance Authority › Section 41B.22 — Construction.

41B.22 CONSTRUCTION.
Sections 41B.01 to 41B.23 are necessary for the welfare of the state of Minnesota and its inhabitants; therefore, they shall be liberally construed to effect their purpose.
History:
1986 c 398 art 6 s 22
2023 Minnesota Statutes › Chapters 17 - 43 — Agriculture › Chapter 41B — Rural Finance Authority › Section 41B.23 — Severability; Actions.

41B.23 SEVERABILITY; ACTIONS.
Each of the provisions of sections 41B.01 to 41B.23, and each application thereof to particular circumstances, is severable. If any provision or application is found to be unconstitutional and void, it is the intention that the remaining provisions and applications shall be valid and enforceable to the full extent possible under section 645.20. The supreme court shall have original jurisdiction, pursuant to article VI, section 2 of the constitution, in all cases seeking a remedy based upon an issue raised as to the validity of any such provision or application.
History:
1986 c 398 art 6 s 23
2023 Minnesota Statutes › Chapters 17 - 43 — Agriculture › Chapter 41C — Agricultural Development › Section 41C.03 — Guiding Principles.

41C.03 GUIDING PRINCIPLES.
(a) In the performance of its duties, implementation of its powers, and selection of specific programs and projects to receive its assistance under this chapter, the authority must be guided by the principles in paragraphs (b) to (e).
(b) The authority shall not become an owner of real or depreciable property, except on a temporary basis if it is necessary in order to implement its programs, to protect its investments by means of foreclosure or other means, or to facilitate transfer of real or depreciable property for the use of beginning farmers.
(c) The authority shall exercise diligence and care in selection of projects to receive its assistance and shall apply customary and acceptable business and lending standards in selection and subsequent implementation of the projects. The authority may delegate primary responsibility for determination and implementation of the projects to any federal governmental agency that assumes any obligation to repay the loan, either directly or by insurance or guarantee.
(d) The authority shall establish a beginning farmer and agricultural business enterprise loan program to aid in the acquisition of agricultural land and improvements and depreciable agricultural property by beginning farmers and real and personal property for an agricultural business enterprise.
(e) The authority shall develop programs for providing financial assistance to agricultural producers in this state.
History:
1991 c 332 s 8
2023 Minnesota Statutes › Chapters 17 - 43 — Agriculture › Chapter 41C — Agricultural Development › Section 41C.04 — Combination Programs.

41C.04 COMBINATION PROGRAMS.
Programs authorized in this chapter may be combined with any other programs authorized in this chapter or under another state or federal program in order to facilitate as far as practicable the acquisition of agricultural land and property by beginning farmers, to facilitate the implementation of permanent soil and water conservation practices and the acquisition of conservation farm equipment, and to encourage the development of agricultural business enterprises.
History:
1991 c 332 s 9
2023 Minnesota Statutes › Chapters 17 - 43 — Agriculture › Chapter 41C — Agricultural Development › Section 41C.06 — Loan Allocation.

41C.06 LOAN ALLOCATION.
Not more than 25 percent of the total bond allocation available for beginning farmer and agricultural business enterprise loans may be used for agricultural business enterprise loans. However, any portion of the bond allocation that remains unencumbered on November 1 of each year may be made available for agricultural business enterprise loans.
History:
1991 c 332 s 11
2023 Minnesota Statutes › Chapters 17 - 43 — Agriculture › Chapter 41C — Agricultural Development › Section 41C.09 — Remedies Of Bondholders.

41C.09 REMEDIES OF BONDHOLDERS.
Subdivision 1.
Default.
If the authority defaults in the payment of principal or interest on an issue of bonds at maturity or upon call for redemption and the default continues for a period of 30 days or if the authority fails or refuses to comply with the provisions of this chapter, or defaults in an agreement made with the holders of an issue of bonds, the holders of 25 percent in aggregate principal amount of bonds of the issue then outstanding, by instrument filed in the office of the clerk of the county in which the principal office of the authority is located and proved or acknowledged in the same manner as a deed to be recorded, may appoint a trustee to represent the holders of the bonds for the purposes provided in this section.
Subd. 2.
Actions.
The authority or any trustee appointed under the indenture under which the bonds are issued may, but upon written request of the holders of 25 percent in aggregate principal amount of the issue of bonds then outstanding shall:
(1) enforce all rights of the bondholders including the right to require the authority to carry out its agreements with the holders and to perform its duties under this chapter;
(2) bring suit upon the bonds;
(3) by action require the authority to account as if it were the trustee of an express trust for the holders;
(4) by action enjoin any acts or things which are unlawful or in violation of the rights of the holders; and
(5) declare all the bonds due and payable and, if all defaults are made good, with the consent of the holders of 25 percent of the aggregate principal amount of the issue of bonds then outstanding, annul the declaration and its consequences.
Subd. 3.
Trustee's powers.
The trustees may exercise functions specifically set forth or incident to the general representation of bondholders in the enforcement and protection of their rights.
Subd. 4.
Notice.
Before declaring the principal of bonds due and payable, the trustee shall first give 30 days' notice in writing to the governor, to the authority, and to the attorney general of the state.
Subd. 5.
Jurisdiction.
The district court has jurisdiction of any action by the trustee on behalf of bondholders. The venue of the action is in the county in which the principal office of the authority is located.
The bondholders may, to the extent provided in the resolution to which the bonds were issued or in its agreement with the authority, enforce any of the remedies in subdivision 2, clauses (1) to (5), or the remedies provided in the proceedings or agreements for and on their own behalf.
History:
1991 c 332 s 14
2023 Minnesota Statutes › Chapters 17 - 43 — Agriculture › Chapter 41C — Agricultural Development › Section 41C.10 — Bonds As Legal Investments.

41C.10 BONDS AS LEGAL INVESTMENTS.
Bonds are securities in which public officers, state departments and agencies, political subdivisions, insurance companies, and other persons carrying on an insurance business, banks, trust companies, savings associations, investment companies, and other persons carrying on a banking business, administrators, executors, guardians, conservators, trustees, and other fiduciaries and other persons authorized to invest in bonds or other obligations of this state may properly and legally invest funds including capital in their control or belonging to them. The bonds are also securities which may be deposited with and may be received by public officers, state departments and agencies, and political subdivisions for any purpose for which the deposit of bonds or other obligations of this state is authorized.
History:
1991 c 332 s 15; 1995 c 202 art 1 s 25
2023 Minnesota Statutes › Chapters 17 - 43 — Agriculture › Chapter 41C — Agricultural Development › Section 41C.11 — Conflicts Of Interest.

41C.11 CONFLICTS OF INTEREST.
Subdivision 1.
Disclosure; prohibitions.
If a member or employee of the authority has an interest, either direct or indirect, in a contract to which the authority is or is to be a party or in a mortgage lender requesting a loan from or offering to sell mortgage or secured loans to the authority, the interest must be disclosed to the authority in writing and must be set forth in the minutes of the authority. The member or employee having the interest may not participate in action by the authority with respect to that contract or mortgage lender.
Subd. 2.
Certain interests.
This section does not limit the right of a member, officer, or employee of the authority to acquire an interest in bonds or notes or to limit the right of a member or employee other than the executive director to have an interest in a bank or other financial institution in which the funds of the authority are deposited or which is acting as trustee or paying agent under a trust indenture to which the authority is a party.
Subd. 3.
Executive director's interest.
The executive director may not have an interest in a bank or other financial institution in which the funds of the authority are deposited or which is acting as trustee or paying agent under a trust indenture to which the authority is a party. The executive director may not receive, in addition to fixed salary or compensation, any money or valuable thing, either directly or indirectly, or through any substantial interest in any other corporation or business unit, for negotiating, procuring, recommending, or aiding in any purchase or sale of property or loan made by the authority, nor shall the executive director be pecuniarily interested, either as principal, co-principal, agent, or beneficiary, either directly, indirectly, or through any substantial interest in any other corporation or business unit, in any purchase, sale, or loan.
History:
1991 c 332 s 16
2023 Minnesota Statutes › Chapters 17 - 43 — Agriculture › Chapter 41C — Agricultural Development › Section 41C.12 — Application And Origination Fee.

41C.12 APPLICATION AND ORIGINATION FEE.
The authority may impose a reasonable application and origination fee for each loan issued under the beginning farmer and agricultural business enterprise loan program. The origination fee initially shall be set at 1.5 percent and the application fee at $50. The authority shall review the fees annually and make adjustments as necessary. The fees must be deposited in the state treasury and credited to the general fund.
History:
1991 c 332 s 17
2023 Minnesota Statutes › Chapters 17 - 43 — Agriculture › Chapter 41D — Agricultural Education Leadership Council › Section 41D.02 — Agricultural Education Grant Program.

41D.02 AGRICULTURAL EDUCATION GRANT PROGRAM.
Subdivision 1.
Establishment.
The Minnesota Agricultural Education Leadership Council shall establish a program to provide grants under subdivisions 2 and 3 to educational institutions and other appropriate entities for secondary and postsecondary agricultural education programs.
Subd. 2.
Elementary and secondary agricultural education.
The council may provide grants for:
(1) planning and establishment costs for elementary and secondary agricultural education programs;
(2) new instructional and communication technologies; and
(3) curriculum updates.
Subd. 3.
Postsecondary education.
The council may provide grants for:
(1) new instructional and communication technologies; and
(2) special project funding, including programming, in-service training, and support staff.
History:
1997 c 183 art 3 s 3; 1999 c 241 art 5 s 1; 2020 c 89 art 4 s 27
2023 Minnesota Statutes › Chapters 17 - 43 — Agriculture › Chapter 41D — Agricultural Education Leadership Council › Section 41D.04 — Resource, Magnet, And Outreach Programs.

41D.04 RESOURCE, MAGNET, AND OUTREACH PROGRAMS.
Subdivision 1.
Resource and outreach.
The center shall offer resource and outreach programs and services statewide aimed at the enhancement of agricultural education opportunities for pupils in elementary and secondary school.
Subd. 2.
Center responsibilities.
The center shall:
(1) provide information and technical services to agriculture teachers, professional agriculture organizations, school districts, and the Department of Education;
(2) gather and conduct research in agricultural education;
(3) design and promote agricultural education opportunities for all Minnesota pupils in elementary and secondary schools; and
(4) serve as liaison for the Department of Education to national organizations for agricultural education.
History:
1997 c 183 art 3 s 5; 2003 c 130 s 12; 2020 c 89 art 4 s 29
2023 Minnesota Statutes › Chapter 43A — State Employment › Chapter 43A — State Personnel Management › Section 43A.01 — Policies.

43A.01 POLICIES.
Subdivision 1.
General.
It is the policy of the state to maintain an efficient and effective merit based personnel management system to meet the management needs of the state and the social, economic and program needs of the people of the state. The system shall provide means to recruit, select and develop an effective, productive and responsive work force representative of the labor market according to the demands of society, equity and law, and shall include policies and procedures for employee hiring and advancement, training and career development, job classification, salary administration, employee benefits, discipline, discharge, retirement and other related activities as appropriate, taking into consideration formal and informal labor relations arrangements.
Subd. 2.
Precedence of merit principles and nondiscrimination.
It is the policy of this state to provide for equal employment opportunity consistent with chapter 363A by ensuring that all personnel actions be based on the ability to perform the duties and responsibilities assigned to the position without regard to age, race, creed or religion, color, disability, sex, national origin, marital status, status with regard to public assistance, or political affiliation. It is the policy of this state to take affirmative action to eliminate the underutilization of qualified members of protected groups in the civil service, where such action is not in conflict with other provisions of this chapter or chapter 179, in order to correct imbalances and eliminate the effects of discrimination and support full and equal participation in the social and economic life in the state. Heads of departments and agencies must provide training to managers and supervisors that are responsible for hiring and evaluating employee performance regarding bias that can be present in the hiring and performance evaluation processes.
No contract executed pursuant to chapter 179A shall modify, waive or abridge this section and sections 43A.07 to 43A.121, 43A.15, and 43A.17 to 43A.21, except to the extent expressly permitted in those sections.
Subd. 3.
Equitable compensation relationships.
It is the policy of this state to attempt to establish equitable compensation relationships between female-dominated, male-dominated, and balanced classes of employees in the executive branch. Compensation relationships are equitable within the meaning of this subdivision when the primary consideration in negotiating, establishing, recommending, and approving total compensation is comparability of the value of the work in relationship to other positions in the executive branch.
History:
1981 c 210 s 1; 1982 c 634 s 1; 1997 c 79 s 1; 2016 c 158 art 1 s 16; 2023 c 62 art 8 s 1
2023 Minnesota Statutes › Chapter 43A — State Employment › Chapter 43A — State Personnel Management › Section 43A.045 — Restructuring.

43A.045 RESTRUCTURING.
(a) It is the policy of the state of Minnesota that any restructuring of executive branch agencies must include efforts to ensure that fair and equitable arrangements are carried out to protect the interests of executive branch employees and to provide the best possible service to the public. The commissioner shall make an effort to train and retrain existing employees for a changing work environment. Where restructuring may involve a loss of existing positions and employment, the commissioner shall assist affected employees in finding suitable employment.
(b) Options available to employees whose positions will be eliminated by implementation of a restructuring plan must include, at a minimum, job and training opportunities necessary to qualify for another job in the same, an equal, or a lower classification within their current department or in another state agency.
(c) Implementation of this section, as well as procedures for notifying employees affected by restructuring plans, must be negotiated into collective bargaining agreements under chapter 179A. Nothing in this section shall be construed as diminishing any rights defined in collective bargaining agreements under this chapter or chapter 179A.
History:
1991 c 345 art 1 s 67; 1993 c 192 s 75
2023 Minnesota Statutes › Chapter 43A — State Employment › Chapter 43A — State Personnel Management › Section 43A.046 — Staff Reductions.

43A.046 STAFF REDUCTIONS.
In order to maximize delivery of services to the public, if layoffs of state employees are necessary, each agency with more than 50 full-time equivalent employees must reduce at least the same percentage of management and supervisory personnel as line and support personnel.
History:
1997 c 202 art 2 s 31
2023 Minnesota Statutes › Chapter 43A — State Employment › Chapter 43A — State Personnel Management › Section 43A.047 — Contracted Services.

43A.047 CONTRACTED SERVICES.
(a) Executive agencies, including the Minnesota State Colleges and Universities system, must demonstrate that they cannot use available staff before hiring outside consultants or services. If use of consultants is necessary, agencies are encouraged to negotiate contracts that will involve permanent staff, so as to upgrade and maximize training of state employees.
(b) If agencies reduce operating budgets, agencies must give priority to reducing spending on professional and technical service contracts before laying off permanent employees.
(c) This section does not apply to an agency's use of inmates pursuant to sections 241.20 to 241.23 or to an agency's use of persons required by a court to provide:
(1) community service; or
(2) conservation or maintenance services on lands under the jurisdiction and control of the state.
History:
1997 c 202 art 2 s 32; 1999 c 250 art 1 s 71; 1Sp2001 c 10 art 2 s 51; 2005 c 136 art 13 s 2
2023 Minnesota Statutes › Chapter 43A — State Employment › Chapter 43A — State Personnel Management › Section 43A.071 — Service Worker.

43A.071 SERVICE WORKER.
The disability levels and types covered under the service worker category in the state civil service may include persons with physical disabilities, mental health disabilities, and developmental disabilities.
History:
1987 c 232 s 1; 2005 c 56 s 1
2023 Minnesota Statutes › Chapter 43A — State Employment › Chapter 43A — State Personnel Management › Section 43A.09 — Recruitment.

43A.09 RECRUITMENT.
The commissioner in cooperation with appointing authorities of all state agencies shall maintain an active recruiting program publicly conducted and designed to attract sufficient numbers of well-qualified people to meet the needs of the civil service, and to enhance the image and public esteem of state service employment. Special emphasis shall be given to recruitment of veterans and protected group members, including qualified individuals with disabilities, to assist state agencies in meeting affirmative action goals to achieve a balanced work force. All technology and digital content related to recruiting and hiring shall be accessible to people with disabilities.
History:
1981 c 210 s 9; 2012 c 192 s 2; 2023 c 62 art 8 s 9
2023 Minnesota Statutes › Chapter 43A — State Employment › Chapter 43A — State Personnel Management › Section 43A.11 — Veteran's Preference.

43A.11 VETERAN'S PREFERENCE.
Subdivision 1.
Creation.
Recognizing that training and experience in the military services of the government and loyalty and sacrifice for the government are qualifications of merit which cannot be readily assessed by examination, a veteran's preference shall be available pursuant to this section to a veteran as defined in section 197.447.
Subd. 2.
[Repealed, 2005 c 95 s 1; 2005 c 156 art 4 s 12]
Subd. 3.
[Repealed, 2004 c 207 s 31]
Subd. 4.
[Repealed, 2004 c 207 s 31]
Subd. 5.
Disabled veteran; definitions.
For the purpose of the preference to be used in securing appointment from an applicant pool, "disabled veteran" means a person who has a compensable service connected disability as adjudicated by the United States Veterans Administration, or by the retirement board of one of the several branches of the armed forces, which disability is existing at the time preference is claimed.
Subd. 6.
Preference for spouses.
A preference available pursuant to this section may be used by the surviving spouse of a deceased veteran and by the spouse of a disabled veteran who because of the disability is unable to qualify.
Subd. 7.
Ranking of veterans.
Applicants who meet the minimum qualifications for a vacant position and claim disabled veteran's preference shall be listed in the applicant pool ahead of all other applicants. Applicants who meet the minimum qualifications for a vacant position and claim nondisabled veteran's preference shall be listed in the applicant pool after those claiming disabled veteran's preference and ahead of nonveterans. Each recently separated veteran who meets minimum qualifications for a vacant position and has claimed a veterans or disabled veterans preference must be considered for the position. The top five recently separated veterans must be granted an interview for the position by the hiring authority.
The term "recently separated veteran" means a veteran, as defined in section 197.447, who has served in active military service, at any time on or after September 11, 2001, and who has been honorably discharged from active service, as shown by the person's form DD-214.
Subd. 8.
Notification.
The commissioner or an appointing authority, when notifying applicants that they have been accepted into the state's selection process, shall notify applicants that they may elect to use veteran's preference.
Subd. 9.
Rejection; explanation.
If the appointing authority rejects a member of the finalist pool who has claimed veteran's preference, the appointing authority shall notify the finalist in writing of the reasons for the rejection.
History:
1981 c 210 s 11; 1982 c 560 s 17-20; 1984 c 468 s 1; 1984 c 609 s 1; 1985 c 248 s 85; 1Sp1985 c 16 art 2 s 8; 1986 c 444; 2004 c 207 s 13-16; 2009 c 94 art 3 s 6
2023 Minnesota Statutes › Chapter 43A — State Employment › Chapter 43A — State Personnel Management › Section 43A.111 — Noncompetitive Appointment Of Certain Disabled Veterans.

43A.111 NONCOMPETITIVE APPOINTMENT OF CERTAIN DISABLED VETERANS.
(a) Whenever a vacancy occurs in a position in the classified service, the appointing authority may appoint a disabled veteran, on a noncompetitive basis, if all of the following occur:
(1) the disabled veteran has served in the United States armed forces and is included on a United States armed forces permanent disability list with a disability rating of at least 30 percent or the disabled veteran has been rated by the United States Department of Veterans Affairs as having a compensable service-connected disability of at least 30 percent;
(2) the disabled veteran presents to the appointing authority written documentation from an appropriate department of the federal government certifying the existence and extent of disability. The certification must have been issued by the appropriate department of the federal government within the year preceding appointment; and
(3) the appointing authority determines that the disabled veteran meets the minimum qualifications for the vacant position.
(b) If an appointing authority elects to appoint a disabled veteran to a vacant position on a noncompetitive basis under paragraph (a), an appointing authority is not required to interview any other person.
History:
2012 c 231 s 1