MN SF4021

Appropriates $35,000,000 from bond proceeds to the Rural Finance Authority for agricultural loans to farmers under five specified programs: beginning farmer loans, loan restructuring, seller-sponsored loans, agricultural improvement loans, and livestock expansion loans.

Requires the Rural Finance Authority to repay all debt service on bond proceeds through existing statutory mechanisms and to price loan participations to cover full interest, principal, and reserves for potential losses.

Establishes loan priority hierarchy: beginning farmer loans receive first priority, seller-sponsored loans second, and agricultural improvement loans third.

Appropriates $35,000 from bond proceeds for bond sale expenses paid to the commissioner of management and budget.

Authorizes the commissioner of management and budget to sell and issue state bonds up to $35,035,000 according to Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution, effective the day following final enactment.