In addition to other powers granted by this chapter, the board may:
(1) sue and be sued;
(2) acquire, hold, lease, and transfer any interest in real and personal property for its corporate purposes;
(3) sell at public or private sale, at the price or prices determined by the board, any note, mortgage, lease, sublease, lease purchase, or other instrument or obligation evidencing or securing a loan made for the purpose of economic development, job creation, redevelopment, or community revitalization by a public agency to a business, for-profit or nonprofit organization, or an individual;
(4) obtain insurance on its property;
(5) obtain municipal bond insurance, letters of credit, surety obligations, or similar agreements from financial institutions;
(6) enter into other agreements or transactions, without regard to chapter 16B or 16C, that the board considers necessary or appropriate to carry out the purposes of this chapter with federal or state agencies, political subdivisions of the state, or other persons, firms, or corporations;
(7) establish and collect fees without regard to chapter 14 and section 16A.1285;
(8) accept appropriations, gifts, grants, and bequests;
(9) use money received from any source for any legal purpose or program of the board;
(10) participate in loans for agricultural resource projects in accordance with section 41A.035;
(11) provide small business development loans in accordance with section 41A.036; and
(12) guarantee or insure bonds or notes issued by the board.
1987 c 386 art 9 s 10; 1988 c 580 s 1; 1996 c 305 art 3 s 6; 1998 c 386 art 2 s 18
Structure Minnesota Statutes
Chapters 17 - 43 — Agriculture
Chapter 41A — Agricultural Development
Section 41A.02 — Definitions; Actions By The State.
Section 41A.021 — Successor Status.
Section 41A.022 — Minnesota Energy And Economic Development Authority; Successor Status.
Section 41A.0235 — Board Meetings By Telephone Or Other Electronic Means.
Section 41A.03 — Loan Guaranties.
Section 41A.035 — Agricultural Resources Loan Participation.
Section 41A.036 — Small Business Development Loans.
Section 41A.04 — Application And Approval.
Section 41A.05 — Minnesota Agricultural And Economic Development Account And Bonds.
Section 41A.06 — Project Taxes And Other Charges.
Section 41A.09 — Ethanol Development.
Section 41A.11 — Twenty-five By Twenty-five Goal.
Section 41A.12 — Agricultural Growth, Research, And Innovation Program.
Section 41A.14 — Agriculture Research, Education, Extension, And Technology Transfer Grant Program.
Section 41A.16 — Advanced Biofuel Production Incentive.
Section 41A.17 — Renewable Chemical Production Incentive.
Section 41A.18 — Biomass Thermal Production Incentive.
Section 41A.19 — Report; Incentive Programs.
Section 41A.20 — Siding Production Incentive.
Section 41A.21 — Oriented Strand Board Production Incentive.