1.1.................... moves to amend H.F. No. 793 as follows:
1.2Page 3, after line 6, insert:

1.4Up to $35,000,000 is appropriated from the bond proceeds fund to the commissioner
1.5of agriculture, as chair of the board of the Rural Finance Authority, to purchase
1.6participation interests in or to make direct agricultural loans to farmers under Minnesota
1.7Statutes, chapter 41B, as authorized by the Minnesota Constitution, article XI, section
1.85, clause (h). This appropriation is for the beginning farmer program under Minnesota
1.9Statutes, section 41B.039; the loan restructuring program under Minnesota Statutes,
1.10section 41B.04; the seller-sponsored program under Minnesota Statutes, section 41B.042;
1.11the agricultural improvement loan program under Minnesota Statutes, section 41B.043;
1.12and the livestock expansion loan program under Minnesota Statutes, section 41B.045. All
1.13debt service on bond proceeds used to finance this appropriation must be repaid by the
1.14Rural Finance Authority under Minnesota Statutes, section 16A.643. Loan participations
1.15must be priced to provide full interest and principal coverage and a reserve for potential
1.16losses. Priority for loans must be given first, to basic beginning farmer loans; second, to
1.17seller-sponsored loans; and third, to agricultural improvement loans."
1.18Renumber the sections in sequence and correct the internal references
1.19Amend the title accordingly