90-3-203. Powers and duties of board. The board shall:
     (1) make loans in science and technology development projects pursuant to the provisions of this act in the following areas that have potential to stimulate economic development in Montana:
     (a) research capability development;
     (b) applied technology research;
     (c) technology transfer and assistance; and
     (d) startup capital or expansion capital projects for development and commercialization of innovative products and processes;
     (2) accept grants or receive devises of money or property to be used in Montana for loans made pursuant to this chapter; and
     (3) submit to the governor by January 1 of each odd-numbered year or when otherwise requested by the governor a report describing the board's programs and accomplishments.

     History: En. Sec. 6, Ch. 701, L. 1985; amd. Sec. 22, Ch. 461, L. 1987; amd. Sec. 18, Ch. 316, L. 1989; amd. Sec. 62, Ch. 112, L. 1991; amd. Sec. 52, Ch. 349, L. 1993.