90-9-203. (Temporary) Rulemaking.

214 words·~1 min read·/mt/title-90/chapter-9/part-2/90-9-203

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90-9-203 . (Temporary) Rulemaking. The council shall adopt rules necessary to implement the provisions of this chapter, including rules:

(1)governing the conduct of council business;

(2)establishing application procedures for loans and grants authorized in 90-9-202 ;

(3)establishing application procedures and required documentation for the Montana farmer loan repayment assistance program pursuant to 90-9-504 ;

(4)establishing procedures to be followed by the council in its review process prior to making a loan or grant or providing loan repayment assistance;

(5)establishing postdisbursement activities to monitor the use of a loan or grant by its recipient, including:

(a)any reporting requirements; and

(b)procedures for repayment of a loan or grant upon failure of a recipient to meet the terms and conditions of that loan or grant;

(6)establishing interest rates for loans in accordance with market factors and the purposes of this chapter;

(7)limiting the amount of loans or grants that any company may receive or apply for over a given period of time;

(8)governing the deferral or forgiveness of loans and any accrued interest; and

(9)establishing other terms and conditions of loans and grants and loan repayment assistance, as necessary, within the requirements and purposes of this chapter. (Terminates June 30, 2029--sec. 16, Ch. 439, L. 2019.)