North Dakota Code 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:
Terms Used In North Dakota Code 6-09.11-04
- following: when used by way of reference to a chapter or other part of a statute means the next preceding or next following chapter or other part. See North Dakota Code 1-01-49
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.