HOME    SEARCH    ABOUT US    CONTACT US    HELP   
           
Rule: 36.23.109 Prev     Up     Next    
Rule Title: FINANCIAL AND OTHER REQUIREMENTS FOR LOANS TO MUNICIPALITIES
Add to My Favorites
Add to Favorites
Department: NATURAL RESOURCES AND CONSERVATION, DEPARTMENT OF
Chapter: DRINKING WATER STATE REVOLVING FUND ACT
Subchapter: Financial Assistance
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

Printer Friendly Version

36.23.109    FINANCIAL AND OTHER REQUIREMENTS FOR LOANS TO MUNICIPALITIES

(1) If a municipality is determined to have financial, technical, and managerial capabilities consistent with these rules and rules adopted by the department of environmental quality, the following types of bonds will be accepted by the department as evidence of and security for a loan under the program if Montana law authorizes the municipality to issue such bonds to finance the project and the department determines the municipality has the ability to repay the loan.  Notwithstanding compliance with the provisions of state law, the department may determine that it will not approve the loan if it determines that the loan is not likely to be repaid in accordance with its terms or in the alternative it may impose additional security requirements that in its judgment it considers necessary.

History: 75-6-205, MCA; IMP, 75-6-222, MCA; NEW, 1998 MAR p. 1412, Eff. 5/29/98.


 

 
MAR Notices Effective From Effective To History Notes
5/29/1998 Current History: 75-6-205, MCA; IMP, 75-6-222, MCA; NEW, 1998 MAR p. 1412, Eff. 5/29/98.
Home  |   Search  |   About Us  |   Contact Us  |   Help  |   Disclaimer  |   Privacy & Security