8.111.301 PURPOSE AND OBJECTIVE
(1) These rules are adopted by the board under and pursuant to the provisions of
Title 90, chapter 6, part 1, MCA, the Housing Act of 1975, to implement the
legislative and administrative intent to increase the supply of adequate
housing in the state that is within the financial capabilities of lower income
persons and families. The board will assist public and private enterprise and
governmental agencies in meeting critical housing needs by making available
additional public money through the issuance of revenue bonds and notes as
authorized, which will be payable solely from the revenues or assets of the
board and will not constitute a debt, liability, obligation or pledge of the
full faith and credit of the state.
(2) The purpose in supplying additional
public money will be to accomplish the objectives of:
(a) increasing the supply of funds to
finance housing developments;
(b) increasing the number of adequate
(c) providing housing developments that are
within the financial capabilities of lower income persons and families; and
(d) increasing the activities,
participation and cooperation of public and private enterprise and governmental
agencies in providing decent, safe, and sanitary housing.
History: Sec. 90-6-104, 90-6-106, MCA; IMP, Sec. 90-6-102, MCA; NEW, Eff. 7/9/76; TRANS, C. 163, L. 1977, Eff. 7/1/77; TRANS, from Dept. of Administration, C. 294, L. 1981, Eff. 7/1/81.