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Panel adopts amendments, refers House File 770 to fund Rural Finance Authority
Summary
A Minnesota House committee adopted technical amendments and an oral correction to House File 770 and referred the bill to the Committee on Capital Investment. Testimony from farmers and farm groups said the Rural Finance Authority's programs, including a beginning-farmer loan, help keep family farms operating.
A Minnesota House committee adopted technical changes to House File 770 and voted to refer the bill to the Committee on Capital Investment, Chair Anderson moved.
The bill, as amended, would replenish the Rural Finance Authority (RFA) bond-funded account so funds are available when the authority needs them. Chair Anderson told members the RFA "is kinda like our State Bank, and it can provide a lot of needed help for buying down interest rates," and said the committee was moving the bill now to ensure funds will be available when…
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