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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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