Section 6-09.11-04 - Loans to farmers - PurposesThe following purposes are eligible to be funded by bond proceeds or loan participations under this chapter:
1. Purchasing agricultural real estate;2. Constructing, repairing, altering, or adding to any farm buildings on agricultural real estate owned or purchased by the farmer;3. Making permanent improvements to agricultural real estate owned or purchased by the farmer for the purpose of increasing the productive value of the land or promoting conservation of the soil;4. Purchasing farm equipment;6. Paying off and discharging mortgages, encumbrances, and other charges or liens against or on the agricultural real or personal property owned or purchased by the farmer; and7. Restructuring operating debt carryover.Amended by S.L. 2011, ch. 83 (HB 1462),§ 14, eff. 7/1/2011.