Montana Code Annotated
Part 1. Financing of Housing
90-6-131. Legislative declaration

90-6-131. Legislative declaration. (1) The legislature finds that escalating land costs, current economic conditions, federal housing policies, and declining resources at the federal, state, and local levels adversely affect the ability of low-income and moderate-income persons to obtain safe, decent, accessible, and affordable housing.
(2) The legislature further finds that the state will lose substantial sums allocated to it by the federal government for affordable housing for low-income and moderate-income households unless matching funds are provided.
(3) The legislature declares that it is in the public interest to establish a continuously renewable financial resource known as the housing Montana fund to assist low- and moderate-income citizens in meeting their basic housing needs. Long-term affordability is the goal.
History: En. Sec. 1, Ch. 312, L. 1999; amd. Sec. 1, Ch. 455, L. 2003; amd. Sec. 2, Ch. 426, L. 2007.

Structure Montana Code Annotated

Montana Code Annotated

Title 90. Planning, Research, and Development

Chapter 6. Community Impact -- Planning and Abatement

Part 1. Financing of Housing

90-6-101. Short title

90-6-102. Legislative declaration

90-6-103. Definitions

90-6-104. General powers of the board

90-6-105. Meetings and acts of the board

90-6-106. Adoption of rules

90-6-107. Deposit and expenditure of funds

90-6-108. Financing programs of the board

90-6-109. Procedure prior to financing of housing developments

90-6-110. Supervision of housing sponsors

90-6-111. Bonds and notes

90-6-112. Provision of bond resolutions

90-6-113. Validity of pledge

90-6-114. Personal liability

90-6-115. Purchase of notes and bonds -- cancellation

90-6-116. Trust indenture

90-6-117. Negotiability of bonds

90-6-118. Signatures of board members

90-6-119. Reserve funds and appropriations

90-6-120. Maintenance of capital reserve account

90-6-121. Refunding obligations -- issuance

90-6-122. Refunding obligations -- sale

90-6-123. Credit of state not pledged

90-6-124. Annual audit

90-6-125. Tax exemption of bonds

90-6-126. Pledge of the state

90-6-127. Allocation of state limit

90-6-128. through 90-6-130 reserved

90-6-131. Legislative declaration

90-6-132. Definitions

90-6-133. Housing Montana fund -- administration

90-6-134. Housing Montana fund -- loan capital restricted to interest on principal -- eligible applicants

90-6-135. Coordination with other programs

90-6-136. Administrative rules

90-6-137. Alternate funding source for housing loans -- use of coal tax trust fund money