N.D. Cent. Code § 6-09.13-03

Current through 2024 Legislative Session

Section 6-09.13-03 - Loans to farmers - Purposes - Eligible uses

The loan moneys received by a farmer under this chapter must be used for a farm business. Eligible uses are:

1. Purchase of real property and equipment.

2. Expansions.

3. Working capital.

4. Purchase of inventory.

5.Subsurface field tiling projects.

The moneys cannot be used to refinance any existing debt.

N.D.C.C. § 6-09.13-03

Amended by S.L. 2011, ch. 84 (SB 2342),§ 2, eff. 8/1/2011.