N.D. Cent. Code § 6-09.11-04

Current through 2023 Legislative Sessions

Section 6-09.11-04 - Loans to farmers - Purposes

The 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;

5. Purchasing livestock;

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; and

7. Restructuring operating debt carryover.

N.D.C.C. § 6-09.11-04

Amended by S.L. 2011, ch. 83 (HB 1462),§ 14, eff. 7/1/2011.