Minnesota Administrative Rules Agency 150 - Indian Affairs Council
Here’s what I found on Minnesota Administrative Rules – Agency 150 (Indian Affairs Council):
📘 Agency 150 – Indian Affairs Council
Chapter 5100 – Business Loans to Indians
Establishes a state-administered business loan program for eligible American Indians in Minnesota, aiming to promote economic independence, business ownership, and economic diversification (law.cornell.edu).
Part 5100.0300 (Scope): Specifies that the program’s purpose is to improve economic independence by implementing business loans to foster local economic growth (law.cornell.edu).
Part 5100.0700 (Repayment): Requires that the Council set up a repayment schedule based on each borrower’s cash flow and ability to repay (regulations.justia.com).
✅ Summary
| Rule Element | Content |
|---|---|
| Chapter | 5100 – BUSINESS LOANS TO INDIANS |
| Primary Objectives | Offer loans to eligible Indians for business development (law.cornell.edu) |
| Scope | Supports economic independence and diversification |
| Loan Repayment | Defined on case-by-case basis, aligned with borrower’s financials |
If you're looking for additional parts of Chapter 5100—like definitions, eligibility criteria, application processes, interest rates, or administrative procedures—I can dig deeper. Or you can access the full text via the MN Revisor of Statutes or other legal resources.
RELATED Blog
0 comments