Montana § 90-6-133 Housing Montana Fund -- Administration

Montana Statutes

§ 90-6-133 — Housing Montana Fund -- Administration

Montana § 90-6-133

Title 90PLANNING, RESEARCH, AND DEVELOPMENT

Ch. 6COMMUNITY IMPACT -- PLANNING AND ABATEMENT

Part 1Financing of Housing

This text of Montana § 90-6-133 (Housing Montana Fund -- Administration) 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. § 90-6-133 (2026).

Text

90-6-133 . Housing Montana fund -- administration.

(1)(a) There is a housing Montana fund in the housing authority enterprise fund provided for in 90-6-107 . The money in the fund is allocated to the board for the purpose of providing loans to eligible applicants.

(b)Money in the housing Montana fund must be disbursed as loans. Twenty percent of the money in the fund must be disbursed to rural areas based on population.

(2)Money deposited in the fund, including money transferred to the account pursuant to section 2, Chapter 502, Laws of 2001, must be used for the program authorized in 90-6-134 and may not be used to pay the expenses of any other program or service administered by the board.

(3)The board may determine the rate of interest to be charged for any loan made under the provis

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90-6-133 . Housing Montana fund -- administration. (1) (a) There is a housing Montana fund in the housing authority enterprise fund provided for in 90-6-107 . The money in the fund is allocated to the board for the purpose of providing loans to eligible applicants.
(b) Money in the housing Montana fund must be disbursed as loans. Twenty percent of the money in the fund must be disbursed to rural areas based on population.
(2) Money deposited in the fund, including money transferred to the account pursuant to section 2, Chapter 502, Laws of 2001, must be used for the program authorized in 90-6-134 and may not be used to pay the expenses of any other program or service administered by the board.
(3) The board may determine the rate of interest to be charged for any loan made under the provisions of 90-6-131 through 90-6-136 .
(4) The board may accept contributions, gifts, and grants for deposit into the fund. The money must be used in accordance with the provisions of 90-6-134 .
(5) The costs incurred by the board in administering the fund may be paid from the fund.
(6) Interest and principal on loans from the fund must be repaid to the fund.
(7) Interest income generated by investment of the principal of the fund is retained in the fund.

Legislative History

En. Sec. 3, Ch. 312, L. 1999; amd. Sec. 1, Ch. 502, L. 2001; amd. Sec. 2, Ch. 455, L. 2003; amd. Sec. 4, Ch. 426, L. 2007; amd. Sec. 1, Ch. 577, L. 2023.