Montana Code 85-1-614. Limits on grants from natural resources projects state special revenue account
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85-1-614. Limits on grants from natural resources projects state special revenue account. (1) The maximum grant awarded to a private person may not exceed the lesser of:
Terms Used In Montana Code 85-1-614
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
- 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
(a)5% of the estimated total funds potentially available in the natural resources projects state special revenue account established in 15-38-302 for public and private grants in the biennium in which the grant will be made; or
(b)50% of the total project cost.
(2)This part does not limit the amount of grant funds that may be appropriated by the legislature to fund a state or local government project.