Additional Bill Links PDF
version
HOUSE BILL NO. 168
INTRODUCED BY J. ROUNDSTONE
BY REQUEST OF THE DEPARTMENT OF AGRICULTURE
AN ACT EXPANDING ELIGIBILITY FOR LOANS UNDER THE AGRICULTURAL LOAN AUTHORITY ACT BY INCREASING THE ALLOWABLE MAXIMUM NET WORTH OF LOAN APPLICANTS; AMENDING SECTION 80-12-203, MCA; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA:
Section 1. Section 80-12-203, MCA, is amended to read:
"80-12-203. Qualifications of applicants. (1) To be eligible for a loan approved by the authority for issuance of a bond, an applicant must:
(a) declare his the intention to maintain his residence in Montana during the length of the loan;
(b) have been approved by a financial institution; and
(c) have a net worth not to exceed $250,000 $450,000.
(2) Applications for loans to be approved by the authority for issuance of bonds may be submitted by individuals, partnerships, associations, or joint ventures. All persons involved in the application must meet the requirements of subsection (1). Corporations, as defined in 35-1-113, may not apply."
Section 2. Effective date. [This act] is effective on passage and approval.
- END -
Latest
Version of HB 168 (HB0168.ENR)
Processed for the Web on March 11, 2009 (3:33pm)
New language in a bill appears underlined, deleted material appears stricken.
Sponsor names are handwritten on introduced bills, hence do not appear on the bill until it is reprinted.
See the status of this bill for the bill's primary sponsor.
Status of this Bill | 2009
Legislature | Leg. Branch Home
All versions of this bill (PDF
format)
Authorized print version w/line
numbers
(PDF format)
[ NEW
SEARCH ]
Prepared by Montana Legislative Services
(406) 444-3064