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Committee forwards $30 million Rural Finance Authority bonding authorization to finance committee
Summary
The Minnesota Senate Committee on Capital Investment recommended that Senate File 1209, authorizing $30 million in bonds for the Rural Finance Authority, be advanced to the Senate Finance Committee after a brief presentation and a technical amendment was adopted.
The Minnesota Senate Committee on Capital Investment on May 8 recommended that Senate File 1209, a proposal to authorize $30,000,000 in general obligation bonding for the Rural Finance Authority, be recommended to pass and be sent to the Senate Finance Committee.
The bill’s author, Senator Torrey Putnam, told the committee the Rural Finance Authority (RFA) makes loans to farmers and has a very low historical default rate. The committee adopted…
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