Montana Statutes
§ 90-9-502 — Eligibility -- Amount Of Loan Repayment Assistance
Montana·Title 90 PLANNING, RESEARCH, AND DEVELOPMENT·Ch. 9 AGRICULTURE DEVELOPMENT·Part 5 Farmer Loan Repayment Assistance Program
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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Legislative History
En. Sec. 2, Ch. 439, L. 2019; amd. Sec. 13, Ch. 14, L. 2021.
Nearby Sections
15
§ 90-9-101
Short Title§ 90-9-102
Purpose§ 90-9-103
Definitions§ 90-9-104
Growth Through Agriculture Account§ 90-9-201
Council Organization -- Meetings§ 90-9-202
Powers And Duties Of Council§ 90-9-203
Rulemaking§ 90-9-302
Repealed§ 90-9-303
Repealed§ 90-9-304
And 90-9-305 Reserved§ 90-9-307
Accountability§ 90-9-309
Terms And Conditions Of Loans