The bill appropriates $30,000,000 from the bond proceeds fund to the Rural Finance Authority for various agricultural loan programs, including the beginning farmer program, loan restructuring program, seller-sponsored program, agricultural improvement loan program, and livestock expansion and modernization loan program. The funds are intended to support farmers by allowing the Rural Finance Authority to purchase participation interests or make direct loans. Additionally, 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.

Furthermore, 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 guidelines set forth in Minnesota Statutes and the Minnesota Constitution. The effective date of this section is the day following its final enactment.