Montana § 75-6-226 Loan Subsidy For Disadvantaged Communities

Montana Statutes

§ 75-6-226 — Loan Subsidy For Disadvantaged Communities

Montana § 75-6-226

Title 75ENVIRONMENTAL PROTECTION

Ch. 6PUBLIC WATER SUPPLIES, DISTRIBUTION, AND TREATMENT

Part 2Drinking Water State Revolving Fund Act

This text of Montana § 75-6-226 (Loan Subsidy For Disadvantaged Communities) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 75-6-226 (2026).

Text

75-6-226 . Loan subsidy for disadvantaged communities.

(1)Notwithstanding any other provision in this part, if the program makes a loan pursuant to 75-6-221 (1) to a disadvantaged community or to a community that the department expects to become a disadvantaged community as a result of a proposed project, the department may provide additional subsidization in the form of a reduced interest rate, the forgiveness of principal, or a combination of both.

(2)The total annual amount of loan subsidies made by the department pursuant to subsection (1) may not exceed 30% of the capitalization grant received by the department for each fiscal year.

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75-6-226 . Loan subsidy for disadvantaged communities. (1) Notwithstanding any other provision in this part, if the program makes a loan pursuant to 75-6-221 (1) to a disadvantaged community or to a community that the department expects to become a disadvantaged community as a result of a proposed project, the department may provide additional subsidization in the form of a reduced interest rate, the forgiveness of principal, or a combination of both.
(2) The total annual amount of loan subsidies made by the department pursuant to subsection (1) may not exceed 30% of the capitalization grant received by the department for each fiscal year.