Minn. Stat. § 469.148

The authority, or a county exercising the powers of an authority pursuant to section 469.144 , may undertake or participate in undertaking a project deemed to further the policies and purposes of the agricultural resource loan guaranty program established and described in sections 41A.01 to 41A.06 , by applying to the Minnesota Agricultural and Economic Development Board for a guaranty by the state of a portion of a loan for the project to be secured by the applicant, or by another eligible borrower. For this purpose it may do all acts required of an applicant or of a borrower under the provisions of sections 41A.01 to 41A.06 , including the computation, segregation, and application of tax increments by deposit in the loan guaranty fund under the terms of the loan guaranty.