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

Montana Statutes

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

Montana·Title 75 ENVIRONMENTAL PROTECTION·Ch. 6 PUBLIC WATER SUPPLIES, DISTRIBUTION, AND TREATMENT·Part 2 Drinking Water State Revolving Fund Act

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.

Montana § 75-6-226 (Loan Subsidy For Disadvantaged Communities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.