17-6-503. Definitions. As used in this part, unless the context requires otherwise, the following definitions apply:
     (1) "Board" means the Montana board of science and technology development provided for in 2-15-1818.
     (2) "Department" means the department of commerce provided for in 2-15-1801.
     (3) "Loan review committee" means the committee that is established by the department to consider economic development loan applications for funding by the federal community development block grant program and that is responsible for reviewing and recommending to the board the approval or denial of job investment loans subject to this part and rules implementing this part.
     (4) "Qualified business" means a business enterprise that either is or will be located in the state and that produces goods or provides services that will, as a result of receiving a job investment loan, create jobs for Montana workers.

     History: En. Sec. 3, Ch. 559, L. 1995.