Loans to farmers - Purposes

N.D. Cent. Code § 6-09.11-04
in effect
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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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t06c09-11.pdf#nameddest=6-09p11-04Fetched: 10/16/2026

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