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A.__To provide technical assistance to agricultural | | enterprises in this State for the design, construction or | | improvement of commodity storage buildings, production | | machinery and packing and marketing facilities; |
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| | | B.__To provide loans for the purchase, construction or | | renovation of buildings, equipment, docks, wharves, piers or | | vessels used in connection with a commercial agricultural | | enterprise; |
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| | | C.__To provide loans for the purchase or improvement of | | land: |
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| | | (1)__In connection with development of new cranberry | | acreage; |
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| | | (2)__For irrigation reservoirs or to provide direct | | access to water for irrigation; |
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| | | (3)__Necessary for the start-up of a new agricultural | | enterprise; |
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| | | (4)__For the expansion of an existing agricultural | | enterprise when the land acquisition is necessary to | | comply with land use regulations; or |
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| | | (5)__For the improvement of pastureland, including | | seeding and actions to promote rotational grazing; and |
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| | | D.__For the development of a business plan in accordance | | with the provisions of section 436-A. |
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| | | 2.__Support for dairy farmers. At the time of a loan insurance | | commitment from the authority, the commissioner may pledge money | | in the fund as security for, and apply money in the fund to the | | payment of principal, interest and other amounts due on, a term | | loan insured by the authority to an eligible dairy farmer. In | | order to provide monetary support for Maine milk producers, the | | commissioner may take actions and direct the authority to take | | actions to provide support, including: |
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| | | A.__Entering into agreements necessary to sell, assign or | | otherwise pledge amounts in the aggregate principal amount | | of loans and undivided interests in a pool of loans; and |
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| | | B.__Assigning or pledging any cash balances in the fund, | | mortgages or other security to provide assurance that | | amounts provided as monetary support by the commissioner to | | milk producers are returned to their original sources. |
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