The bill appropriates $30,000,000 from the bond proceeds account in the rural finance administration fund to the Rural Finance Authority. This funding is designated for various agricultural loan programs aimed at supporting farmers, including the beginning farmer program, loan restructuring program, seller-sponsored program, agricultural improvement loan program, and livestock expansion and modernization loan program. The bill stipulates that all debt service on the bond proceeds used for this appropriation must be repaid by the Rural Finance Authority, and it establishes a priority system for loan distribution, favoring basic beginning farmer loans first.

Additionally, the bill allocates $30,000 from the bond proceeds fund to the commissioner of management and budget for bond sale expenses. To facilitate the appropriation, the commissioner is authorized to sell and issue state bonds up to $30,030,000, following the prescribed legal framework. The effective date of this section is set for the day following its final enactment.