Montana § 17-5-1521 Adoption Of Rules

Montana Statutes

§ 17-5-1521 — Adoption Of Rules

Montana § 17-5-1521

Title 17STATE FINANCE

Ch. 5PUBLIC BOND ISSUES

Part 15Economic Development Bonds

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Bluebook

Mont. Code Ann. § 17-5-1521 (2026).

Text

17-5-1521 . Adoption of rules.

(1)The board shall adopt rules to establish:

(a)procedures for soliciting and evaluating applications and for notifying the local government of the application for purposes of complying with 17-5-1526 and 17-5-1527 ; and

(b)a system for evaluating applications, considering the following criteria:

(i)the applicant's net worth;

(ii)the applicant's training and experience in the industry involved in the proposed project;

(iii)the applicant's prospects for succeeding in the proposed project;

(iv)the degree to which the new or increased business resulting from the loan will meet the objectives of 17-5-1502 ; and

(v)any other factors the board may prescribe.

(2)The board shall adopt rules for the:

(a)organization, approval, standards, and regulation of pr

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17-5-1521 . Adoption of rules. (1) The board shall adopt rules to establish:
(a) procedures for soliciting and evaluating applications and for notifying the local government of the application for purposes of complying with 17-5-1526 and 17-5-1527 ; and
(b) a system for evaluating applications, considering the following criteria:
(i) the applicant's net worth;
(ii) the applicant's training and experience in the industry involved in the proposed project;
(iii) the applicant's prospects for succeeding in the proposed project;
(iv) the degree to which the new or increased business resulting from the loan will meet the objectives of 17-5-1502 ; and
(v) any other factors the board may prescribe.
(2) The board shall adopt rules for the:
(a) organization, approval, standards, and regulation of project applicants;
(b) approval, standards, and regulation of financial institutions under this part;
(c) assessment, collection, and payment of all fees and charges in connection with making, purchasing, and servicing of its bonds and notes, mortgage lending, construction lending, temporary lending, and guaranty programs; and
(d) such other matters as the board considers necessary or desirable.