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This is an obsolete version of the rule. Please click on the rule number to view the current version.

8.99.911    ELIGIBLE USES OF AWARDS

(1) Uses of awards to local governments for eligible businesses shall include, but are not limited to, grants or loans for:

(a) land acquisition;

(b) site preparation;

(c) infrastructure improvements;

(d) purchase or improvement of buildings, machinery and equipment;

(e) workforce training;

(f) a reduction in the interest rate of a commercial loan for the expansion of a basic sector company;

(g) a grant or low-interest loan for relocation expenses for a basic sector company; and

(h) rental assistance or lease buy-downs for a relocation or expansion project for a basic sector company.

(2) Uses of awards to certified regional development corporations and other eligible economic development organizations shall include, but are not limited to, the following economic development planning or capacity building activities:

(a) support for business improvement districts and central business district redevelopment;

(b) industrial development;

(c) feasibility studies;

(d) creation and maintenance of baseline community profiles;

(e) matching funds for federal funds, including but not limited to brownfields funds and natural resource damage funds; and

(f) main street program activities.

History: 90-1-204, MCA; IMP, 90-1-204, MCA; NEW, 2005 MAR p. 2449, Eff. 12/9/05.

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