§ 85-1-601 Purpose and policies
§ 85-1-602 Objectives
§ 85-1-603 Renewable resource loan debt service fund created — coal severance tax allocated — renewable resource loan loss reserve fund created
§ 85-1-604 Repealed
§ 85-1-605 Grants, loans, and bonds for state, local, or tribal government assistance
§ 85-1-606 Grants and loans to private persons
§ 85-1-607 Repealed
§ 85-1-608 Applications for grants and loans to private persons
§ 85-1-609 Eligibility for a loan or grant to a private person
§ 85-1-610 Evaluation of grants and loans to private persons
§ 85-1-611 Department to solicit views
§ 85-1-612 Rulemaking authority
§ 85-1-613 Limits on loans
§ 85-1-614 Limits on grants from natural resources projects state special revenue account
§ 85-1-615 Security interests — purchase, operation, and resale of encumbered property
§ 85-1-616 Administration of loans and grants
§ 85-1-617 Issuing renewable resource bonds — renewable resource loan proceeds account
§ 85-1-618 Restrictions on use of bond proceeds
§ 85-1-619 Debt service fund — pledge and administration of sufficient balance
§ 85-1-620 Renewable resource refunding bonds
§ 85-1-621 Report
§ 85-1-622 Penalty
§ 85-1-623 Repealed
§ 85-1-624 Authorization of bonds
§ 85-1-631 Water storage state special revenue account created — revenues allocated — appropriations from account
§ 85-1-632 Exemption from environmental review
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Terms Used In Montana Code > Title 85 > Chapter 1 > Part 6 - Renewable Resource Grant and Loan Program

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
  • Property: means real and personal property. See Montana Code 1-1-205
  • 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