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Current as of January 01, 2024 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Montana Title 75. Environmental Protection § 75-6-226. Loan subsidy for disadvantaged communities - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-75-environmental-protection/mt-st-75-6-226/
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