Montana § 90-9-502 Eligibility -- Amount Of Loan Repayment Assistance

Montana Statutes

§ 90-9-502 — Eligibility -- Amount Of Loan Repayment Assistance

Montana § 90-9-502

Title 90PLANNING, RESEARCH, AND DEVELOPMENT

Ch. 9AGRICULTURE DEVELOPMENT

Part 5Farmer Loan Repayment Assistance Program

This text of Montana § 90-9-502 (Eligibility -- Amount Of Loan Repayment Assistance) 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. § 90-9-502 (2026).

Text

90-9-502 . (Temporary) Eligibility -- amount of loan repayment assistance.

(1)A farmer is qualified for loan repayment assistance if the farmer:

(a)is a resident of Montana whose primary occupation is to operate a farm;

(b)has graduated from a postsecondary institution as defined in 20-26-603 with an associate degree or a baccalaureate degree; and

(c)commits to operate the farm for at least 5 years after applying for loan repayment assistance pursuant to this part.

(2)A farmer who is qualified pursuant to subsection (1) is eligible for loan repayment assistance for up to a maximum of 5 years.

(3)The total amount of loan repayment assistance for an eligible qualified farmer may not exceed 50% of the total amount of educational loans outstanding on the application date for loan repayme

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90-9-502 . (Temporary) Eligibility -- amount of loan repayment assistance. (1) A farmer is qualified for loan repayment assistance if the farmer:
(a) is a resident of Montana whose primary occupation is to operate a farm;
(b) has graduated from a postsecondary institution as defined in 20-26-603 with an associate degree or a baccalaureate degree; and
(c) commits to operate the farm for at least 5 years after applying for loan repayment assistance pursuant to this part.
(2) A farmer who is qualified pursuant to subsection (1) is eligible for loan repayment assistance for up to a maximum of 5 years.
(3) The total amount of loan repayment assistance for an eligible qualified farmer may not exceed 50% of the total amount of educational loans outstanding on the application date for loan repayment assistance.
(4) A farmer who qualifies for and receives loan repayment assistance shall repay that assistance if the farmer ceases to operate the farm before the end of the 5-year commitment. (Terminates June 30, 2029--sec. 16, Ch. 439, L. 2019.)