Minn. R. agency 139, ch. 4308, pt. 4308.0010 - PURPOSE OF TOURISM LOAN PROGRAM
The purpose of the tourism loan program of the department is to provide loans or to participate in loans to tourism-related businesses in Minnesota for upgrading and improvement of facilities. The program will provide direct loans, participation loans, or loan guarantees in cooperation with local financial institutions. The state will share credit risks with the financial institutions and provide for lower interest rates than are otherwise available.
Notes
Statutory Authority: MS s 116J.035; 116J.617; 116J.980
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.