90-7-213. Loan limitation. A loan made by the authority may not exceed the total cost of the eligible facility being financed as the cost is determined by the participating institution and approved by the authority.
History: En. Sec. 10, Ch. 703, L. 1983; amd. Sec. 8, Ch. 477, L. 1997; amd. Sec. 6, Ch. 479, L. 1997; amd. Sec. 11, Ch. 137, L. 2001.
Structure Montana Code Annotated
Title 90. Planning, Research, and Development
Chapter 7. Facility Finance Authority
Part 2. Authority Administration, Powers, and Limitations
90-7-201. Authority -- quorum -- mode of action -- expenses
90-7-204. Agent of the authority
90-7-205. through 90-7-210 reserved
90-7-211. Necessary expenses -- fees
90-7-212. Purchase of bonds by authority
90-7-214. Restriction on operating facility -- leases
90-7-215. through 90-7-219 reserved
90-7-220. Montana developmental center loan
90-7-221. Montana state hospital loan
90-7-222. through 90-7-224 reserved
90-7-225. Procedure prior to financing qualified small bond issue projects
90-7-226. Procedure prior to financing prerelease center projects
90-7-228. Additional reserves, funds, and accounts