Montana § 90-6-132 Definitions

Montana Statutes

§ 90-6-132 — Definitions

Montana·Title 90 PLANNING, RESEARCH, AND DEVELOPMENT·Ch. 6 COMMUNITY IMPACT -- PLANNING AND ABATEMENT·Part 1 Financing of Housing

90-6-132 . Definitions. As used in 90-6-131 through 90-6-137 , the following definitions apply:

(1)"Board" means the board of housing created in 2-15-1814 .

(2)"Coal tax trust fund" means the trust fund created pursuant to Article IX, section 5, of the Montana constitution.

(3)"Fund" means the housing Montana fund created in 90-6-133 .

(4)"Housing development" has the meaning provided in 90-6-103 .

(5)"Low-income" means households whose incomes do not exceed 80% of the median income in the area, as determined by the United States department of housing and urban development, with adjustments for smaller or larger families.

(6)"Moderate-income" means households whose incomes are between 81% and 95% of the median income for the area, as determined by the United States department of hous

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90-6-132 . Definitions. As used in 90-6-131 through 90-6-137 , the following definitions apply:
(1) "Board" means the board of housing created in 2-15-1814 .
(2) "Coal tax trust fund" means the trust fund created pursuant to Article IX, section 5, of the Montana constitution.
(3) "Fund" means the housing Montana fund created in 90-6-133 .
(4) "Housing development" has the meaning provided in 90-6-103 .
(5) "Low-income" means households whose incomes do not exceed 80% of the median income in the area, as determined by the United States department of housing and urban development, with adjustments for smaller or larger families.
(6) "Moderate-income" means households whose incomes are between 81% and 95% of the median income for the area, as determined by the United States department of housing and urban development, with adjustments for smaller and larger families.

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