Montana Code Annotated
Part 1. Financing of Housing
90-6-132. Definitions

90-6-132. Definitions. As used in 90-6-131 through 90-6-137, the following definitions apply:
(1) "Board" means the board of housing created in 2-15-1814.
(2) "Coal tax trust fund" means the trust fund created pursuant to Article IX, section 5, of the Montana constitution.
(3) "Fund" means the housing Montana fund created in 90-6-133.
(4) "Housing development" has the meaning provided in 90-6-103.
(5) "Low-income" means households whose incomes do not exceed 80% of the median income in the area, as determined by the United States department of housing and urban development, with adjustments for smaller or larger families.
(6) "Moderate-income" means households whose incomes are between 81% and 95% of the median income for the area, as determined by the United States department of housing and urban development, with adjustments for smaller and larger families.
History: En. Sec. 2, Ch. 312, L. 1999; amd. Sec. 3, Ch. 426, L. 2007; amd. Sec. 3, Ch. 460, L. 2019.

Structure Montana Code Annotated