Rural Finance Authority bond issue and appropriation

This bill appropriates $50 million from state bond proceeds to the Rural Finance Authority to fund specific agricultural loan programs for Minnesota farmers. It directly affects beginning farmers, livestock producers, and farm businesses participating in programs like the Beginning Farmer Program, Agricultural Improvement Loans, and Livestock Expansion Loans under Minnesota Statutes §41B.039-.045. The key mechanism involves issuing up to $50.05 million in state bonds (including $50,000 for bond sale costs), with priority given to beginning farmer loans first, followed by seller-sponsored and agricultural improvement loans. All debt service on these bonds must be repaid by the Rural Finance Authority per statute.