N.D. Cent. Code § 6-09.11-04
This is the official text of N.D. Cent. Code § 6-09.11-04, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.
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6-09.11-04. Loans to farmers - Purposes
Official statutory text
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.
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.
Status: in_force · Read it on the official government site
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