Montana Code 7-15-4278. Legislative findings — purpose
7-15-4278. Legislative findings — purpose. The legislature finds and declares that:
Terms Used In Montana Code 7-15-4278
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
(1)infrastructure-deficient areas exist in the local governments of the state and constitute a serious impediment to the development of infrastructure-intensive, value-adding economic development in Montana;
(2)local governments lack sufficient capital to rectify the infrastructure shortage in infrastructure-deficient areas, thus impeding their ability to achieve economic growth through the development of value-adding industries;
(3)the creation of infrastructure in support of value-adding economic development is a matter of state policy and state concern because the state and its local governments will continue to suffer economic dislocation due to the lack of value-adding industries; and
(4)the state’s tax increment financing laws should be used to encourage the creation of areas in which needed infrastructure for value-adding industries could be developed.