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:
(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.
History: En. Sec. 15, Ch. 505, L. 1981; amd. Sec. 40, Ch. 298, L. 1983; amd. Sec. 21, Ch. 478, L. 1993; amd. Sec. 19, Ch. 432, L. 2007; amd. Sec. 3, Ch. 341, L. 2017.
Structure Montana Code Annotated
Part 6. Renewable Resource Grant and Loan Program
85-1-601. Purpose and policies
85-1-605. Grants, loans, and bonds for state, local, or tribal government assistance
85-1-606. Grants and loans to private persons
85-1-608. 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
85-1-614. 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
85-1-624. Authorization of bonds