90-6-132. Definitions.
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/mt/title-90/chapter-6/part-1/90-6-132·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
90-6-132 . Definitions. As used in 90-6-131 through 90-6-137 , the following definitions apply:
(1)"Board" means the board of housing created in 2-15-1814 .
(2)"Coal tax trust fund" means the trust fund created pursuant to Article IX, section 5, of the Montana constitution.
(3)"Fund" means the housing Montana fund created in 90-6-133 .
(4)"Housing development" has the meaning provided in 90-6-103 .
(5)"Low-income" means households whose incomes do not exceed 80% of the median income in the area, as determined by the United States department of housing and urban development, with adjustments for smaller or larger families.
(6)"Moderate-income" means households whose incomes are between 81% and 95% of the median income for the area, as determined by the United States department of housing and urban development, with adjustments for smaller and larger families.