8.99.1101    INCORPORATION BY REFERENCE OF GUIDELINES FOR ADMINISTRATION OF THE MONTANA GROWTH FUND, A PART OF THE BIG SKY ECONOMIC DEVELOPMENT PROGRAM

(1)  The department adopts and incorporates by reference the Program Guidelines for the Montana Growth Fund, a part of the Big Sky Economic Development Program (MGF). 

(2)  The guidelines establish how the department will administer the MGF Program.

(3)  As stated in the guidelines, the department will consider eligible applicants' proposals to obtain MGF funding for economic development projects in the form of:

(a)  low-interest loans;

(b)  forgivable loans; and

(c)  grants (collectively, MGF funding).

(4)  The guidelines state what applicants must submit to the department to be considered for MGF funding.

(5)  The guidelines set matching requirements applicants must meet to obtain MGF funding.

(6)  The guidelines set the factors the department considers when assessing MGF applications, including incentives for rural counties.

(7)  The guidelines identify how successful applicants may use MGF funding.

(8)  Copies of the guidelines may be obtained from the department's Business MT Division, 301 South Park Avenue, P.O. Box 200528, Helena, Montana 59620-0528, or on the department's web site at https://business.mt.gov.

History: 90-1-204, MCA; IMP, 90-1-204, MCA; NEW, 2024 MAR p. 247, Eff. 2/10/24.