90-9-301. Agriculture seed capital account — matching funds. (1) There is an agriculture seed capital account administered by the council. Money received by the council under 90-9-306 must be deposited in this account. (2) The council may loan or grant money from the agriculture seed capital account, pursuant to the provisions of 90-9-308 through 90-9-311. History: En. Sec. […]
90-9-302. Repealed. Sec. 2, Ch. 189, L. 1991. History: En. Sec. 8, Ch. 665, L. 1987; amd. Sec. 13, Ch. 284, L. 1989.
90-9-303. Repealed. Sec. 14, Ch. 106, L. 2009. History: En. Sec. 9, Ch. 665, L. 1987; amd. Sec. 6, Ch. 171, L. 2001.
90-9-304 and 90-9-305 reserved.
90-9-306. (Temporary) Appropriation authority and funding — prohibitions. (1) The council may accept and expend the funds that it receives from grants, donations, or other private or public income, including amounts repaid as principal and interest on loans made by the council. These funds are statutorily appropriated to the council, as provided in 17-7-502, for the […]
90-9-307. Accountability. The council shall develop independent review and audit procedures to ensure that loans and grants made by it are used for the specified purposes. History: En. Sec. 11, Ch. 665, L. 1987; amd. Sec. 15, Ch. 284, L. 1989; amd. Sec. 7, Ch. 106, L. 2009.
90-9-308. Application for loans and grants — additional criteria. (1) All applicants shall complete an application and provide financial information as established by rule. (2) The council may not make a loan or grant unless the recipient provides matching funds prior to the expenditure of any state funds. The council may accept as matching funds those funds […]
90-9-309. Terms and conditions of loans. (1) The term of any loan may not exceed 8 years. (2) The amount of any loan may not exceed $100,000 in any 9-month period. (3) Repayment of a loan is due in full upon dissolution or liquidation of the recipient company. (4) The council may make a low-interest loan, at a rate […]
90-9-310. Terms and conditions of grants. (1) A grant does not accrue interest, but is contingent on the funds being used for the specified purpose. (2) The council may make a grant of up to $50,000 if an application meets all of the criteria set forth in 90-9-308 and 90-9-311 and one of the following applies: (a) the […]
90-9-311. General criteria underlying loans and grants. The council may make a loan or grant only if the council determines that: (1) the loan or grant is consistent with the findings and purposes of this chapter because it primarily adds value to Montana’s agricultural products; (2) the project for which the loan or grant is made has prospects for […]
90-9-312. Repealed. Sec. 14, Ch. 106, L. 2009. History: En. Sec. 2, Ch. 284, L. 1989; amd. Sec. 9, Ch. 171, L. 2001.
90-9-313. Repealed. Sec. 14, Ch. 106, L. 2009. History: En. Sec. 3, Ch. 284, L. 1989; amd. Sec. 10, Ch. 171, L. 2001.
90-9-314. Repealed. Sec. 14, Ch. 106, L. 2009. History: En. Sec. 4, Ch. 284, L. 1989.
90-9-315. Repealed. Sec. 14, Ch. 106, L. 2009. History: En. Sec. 5, Ch. 284, L. 1989.
90-9-316. Repealed. Sec. 14, Ch. 106, L. 2009. History: En. Sec. 6, Ch. 284, L. 1989; amd. Sec. 11, Ch. 171, L. 2001.
90-9-317. Repealed. Sec. 14, Ch. 106, L. 2009. History: En. Sec. 7, Ch. 284, L. 1989.
90-9-318. Repealed. Sec. 12, Ch. 171, L. 2001. History: En. Sec. 8, Ch. 284, L. 1989.
