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4.16.201    DEFINITIONS

(1) In addition to the definitions set forth in 90-9-103, MCA, the following definitions apply for purposes of these rules:

(a) "Act" means the provisions of Title 90, chapter 9, MCA.

(b) "Marketing" means those efforts undertaken to expand the salability of the products of Montana agricultural businesses through the development of new products, processes and technologies; the improvement or modification of existing products, processes and technologies; and the development of new opportunities for selling and distributing Montana agricultural products.

(2) "Matching Funds" means both cash or in-kind match. In-kind match is calculated at the actual market price of the services rendered but no more than 25 dollars an hour. All in-kind match(es) must be project specific as opposed to the normal operation of an ongoing business. The credit for in-kind match is limited to ten percent of the total match proposed. 

History: 90-9-203, MCA; IMP, 90-9-203, MCA; NEW, 1988 MAR p. 2481, Eff. 11/24/88; TRANS, from Dept. of Commerce, 1989 MAR p. 1190, Eff. 8/18/89; AMD, 2010 MAR p. 216, Eff. 1/29/10; AMD, 2016 MAR p. 1254, Eff. 7/23/16.

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