22-2-309. Grant categories.
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/mt/title-22/chapter-2/part-3/22-2-309A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
22-2-309 . Grant categories.
(1)The following categories are established for grant funds:
(a)special projects which are specific cultural and aesthetic activities, services, or events of limited duration;
(b)operational support for cultural institutions that have been in existence for at least 2 years and whose budgets reflect only the cost of continuing their current program;
(c)capital expenditures for acquisition, construction, or renovation of facilities; and
(d)challenge grants for permanent endowments to benefit cultural nonprofit grant recipients.
(2)The Montana arts council may require a match in cash or donated services for special project and operational support grants. There is a presumption that the match must represent $1 in value for each dollar of the grant. The Montana arts council may accept matches in excess of the presumed value or may in its discretion require a lesser amount.
(3)Capital expenditures may not exceed 25% of the total grant funds appropriated. Capital expenditure grants require a match of at least $3 in cash or donated goods and services, which goods and services must be donated specifically for the capital expenditure project, to receive each dollar of grant funds.
(4)Challenge grants require a match of at least $3 in cash or irrevocable planned or deferred gifts to receive each dollar of grant funds. Challenge grants are available upon meeting the specified match. Not less than one-third of the specified match must be in cash. Not more than one-third of the match may be in wills, devises, bequests, and paid-up life insurance policies. A devise may include retention of an irrevocable life estate by the donor.