90-9-308. Application for loans and grants — additional criteria
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
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
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 […]
90-8-312. Repealed
90-8-312. Repealed. Sec. 7, Ch. 9, L. 2011. History: En. Sec. 8, Ch. 554, L. 1983; amd. Sec. 18, Ch. 554, L. 1983; amd. Sec. 15, Ch. 263, L. 1991; amd. Sec. 9, Ch. 576, L. 1991; amd. Sec. 14, Ch. 410, L. 1999.
90-8-313. Repealed
90-8-313. Repealed. Sec. 7, Ch. 9, L. 2011. History: En. Sec. 12, Ch. 554, L. 1983; amd. Sec. 16, Ch. 263, L. 1991; amd. Sec. 10, Ch. 576, L. 1991; amd. Sec. 15, Ch. 410, L. 1999.
90-8-314. through 90-8-320 reserved
90-8-314 through 90-8-320 reserved.
90-8-321. Repealed
90-8-321. Repealed. Sec. 7, Ch. 9, L. 2011. History: En. Sec. 13, Ch. 554, L. 1983; amd. Sec. 7, Ch. 708, L. 1989; amd. Sec. 17, Ch. 263, L. 1991; amd. Sec. 11, Ch. 576, L. 1991; amd. Sec. 16, Ch. 410, L. 1999.
90-9-101. Short title
90-9-101. Short title. This chapter may be cited as the “Montana Growth Through Agriculture Act”. History: En. Sec. 2, Ch. 665, L. 1987.
90-9-102. Purpose
90-9-102. (Temporary) Purpose. It is the purpose of this chapter to strengthen and diversify Montana’s agricultural industry through loans, grants, and farmer loan repayment assistance to assist the development of innovative agricultural business organizational improvements and the commercialization and marketing of new agricultural products in order to keep pace with a transforming agricultural industry and to […]
90-9-103. Definitions
90-9-103. (Temporary) Definitions. As used in this chapter, the following definitions apply: (1) ”Act” means the Montana Growth Through Agriculture Act. (2) ”Agricultural business” means an enterprise engaged in the production, processing, marketing, distribution, or exporting of agricultural products. The term includes any related business the primary function of which is providing goods or services to an agricultural […]