17-6-320. Loan recipients -- notice. (1) If an owner of a coal-fired generating unit receives a loan in accordance with this part, the owner shall provide the board of investments and the governor of Montana with a minimum of 90 days' notice prior to filing for bankruptcy, reorganization, or other insolvency proceeding or prior to a merger, sale, or transfer, by operation of law or otherwise.
(2) A successor to the owner, whether pursuant to a bankruptcy, reorganization, or other insolvency proceeding or pursuant to a merger, sale, or transfer, by operation of law or otherwise, shall perform and satisfy all obligations of the owner pursuant to this part in the same manner and to the same extent as the owner.
History: En. Sec. 1, Ch. 373, L. 2017.
Structure Montana Code Annotated
Chapter 6. Deposits and Investments
Part 3. Montana In-State Investment
17-6-303. Purpose of the coal tax trust fund
17-6-304. Use of the coal tax trust fund for economic development
17-6-305. Investment of coal tax trust fund in Montana economy -- report by board
17-6-308. Authorized investments
17-6-309. Investment preferences
17-6-311. Limitation on size of investments
17-6-312. State participation in loans
17-6-313. Prior commitment of funds
17-6-316. Economic development loan -- infrastructure tax credit
17-6-317. Participation by private financial institutions -- rulemaking
17-6-318. Job credit interest rate reduction for business loan participation
17-6-319. Incentive to financial institution for small business loan participation
17-6-320. Loan recipients -- notice
17-6-324. Rulemaking authority
17-6-325. Preference of Montana labor
17-6-326. through 17-6-330 reserved
17-6-331. Establishment of a Montana economic development fund
17-6-332. through 17-6-339 reserved
17-6-341. through 17-6-344 reserved
17-6-345. Intermediary relending program
17-6-346. Interest rates and repayment of intermediary loan -- terms