90-1-116. State matching funds program for economic development -- distribution of proceeds -- criteria for grants -- local economic development matching funds. (1) As used in this section, the following definitions apply:
(a) "Certified regional development corporation" means a private, nonprofit corporation that has been designated by the department through a competitive process to manage and administer funds and programs for the department on a regional basis.
(b) "Department" means the department of commerce provided for in 2-15-1801.
(c) "Treasure community" means a community that meets and maintains requirements for certification established by the department and administered by the certified regional development corporation.
(2) The department shall create a program to provide state funds to match local economic development funds and to fund up to 12 certified regional development corporations. The provision of state matching funds is contingent upon specific appropriations to the department for that purpose.
(3) An assistance grant to a certified regional development corporation will be made based on rules adopted by the department for the state matching funds program. The rules for distribution of funds must include consideration of:
(a) the size of the geographic area represented by the certified regional development corporation;
(b) the number of communities served by the certified regional development corporation;
(c) the population served by the certified regional development corporation; and
(d) the services offered by the certified regional development corporation.
(4) To be eligible to receive a grant, a certified regional development corporation:
(a) must be designated as the certified regional development corporation by the department;
(b) shall maintain department requirements for certification;
(c) shall match each $1 of the grant with $1 raised from public or private sources;
(d) shall administer the treasure community designation and reporting process for the communities and counties in the region;
(e) shall encourage and organize full participation in regional economic development activities, meetings, projects, and planning by the treasure communities in the region; and
(f) shall deliver services and resources to the citizens, businesses, and treasure communities throughout the region.
(5) Grants under this section must be used to conduct economic development programs consistent with strategic plans that are adopted by the certified regional development corporations and the treasure communities in the region and that are filed with the department.
History: En. Sec. 1, Ch. 531, L. 1993; amd. Sec. 1, Ch. 268, L. 1999; amd. Sec. 4, Ch. 351, L. 2003; amd. Sec. 1, Ch. 471, L. 2019.
Structure Montana Code Annotated
Title 90. Planning, Research, and Development
Chapter 1. Development Coordination
Part 1. Planning and Economic Development
90-1-101. Declaration of necessity and public policy
90-1-102. Functions of department of commerce -- state planning
90-1-103. Functions of department of commerce -- community development
90-1-104. Functions of department of commerce -- recreational development
90-1-105. Functions of department of commerce -- economic development
90-1-106. Functions of department of commerce -- housing
90-1-107. Contracts and agreements for projects and programs -- cooperation with other agencies
90-1-109. State census and economic information center
90-1-110. and 90-1-111 reserved
90-1-113. Cooperation of state agencies
90-1-114. Rulemaking authority
90-1-117. Small business state matching grant program -- purpose
90-1-118. Small business eligibility criteria
90-1-119. Grant award guidelines
90-1-121. through 90-1-129 reserved
90-1-131. State-tribal economic development commission -- composition -- compensation for members
90-1-132. Commission purposes -- duties and responsibilities
90-1-133. Comprehensive assessment on reservations
90-1-134. No waiver of tribal sovereignty
90-1-135. Special revenue accounts
90-1-136. through 90-1-140 reserved
90-1-144. Financial assistance center -- department responsibilities
90-1-145. Cooperation between state agencies and department -- dissemination of information
90-1-146. Information coordination
90-1-148. through 90-1-150 reserved
90-1-151. Main street program -- establishment -- purpose -- rulemaking
90-1-152. through 90-1-159 reserved
90-1-162. Heritage preservation and cultural tourism commissions
90-1-164. Heritage and cultural tourism promotion and development plan
90-1-165. and 90-1-166 reserved
90-1-167. Cultural treasures -- coordination
90-1-168. Certified local governments
90-1-170. through 90-1-174 reserved
90-1-176. through 90-1-180 reserved
90-1-181. Functions of department of commerce -- socioeconomic advocacy