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Rule Title: LOAN CONDITIONS
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Department: ENVIRONMENTAL QUALITY, DEPARTMENT OF
Chapter: RENEWABLE ENERGY GRANT AND LOAN PROGRAM
Subchapter: Renewable Energy Grant and Loan Program
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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17.84.131    LOAN CONDITIONS

(1) No loan will be made under the Act and these rules to refinance existing debt previously incurred by the applicant.

(2) The maximum term for loans is 10 years.

(3) Loans made under the Act and these rules shall be used only for the purposes described in the loan application.

(4) The department's participation in any loan made through a financial institution under the Act and these rules shall not exceed 90% of the principal loan amount.

History: 90-4-104, MCA; IMP, 90-4-101, 90-4-104, MCA; NEW, 1982 MAR p. 851, Eff. 4/30/82; TRANS, from DNRC, 1996 MAR p. 2863.


 

 
MAR Notices Effective From Effective To History Notes
4/30/1982 Current History: 90-4-104, MCA; IMP, 90-4-101, 90-4-104, MCA; NEW, 1982 MAR p. 851, Eff. 4/30/82; TRANS, from DNRC, 1996 MAR p. 2863.
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