90-9-311. General criteria underlying agricultural development project loans and investments. The council may make an agricultural development project loan or investment only upon a favorable determination that the proposed agricultural development project:
     (1) is consistent with the findings and purposes of the act because it adds value to Montana's agricultural products. Priority must be given to projects that incorporate innovative agricultural technology.
     (2) has prospects for collaboration between the public and private sectors of the state's economy;
     (3) has prospects for achieving commercial success and for creating new jobs in the state;
     (4) has potential for commercial success related to the specific product, process, or business development methodology proposed;
     (5) can provide matching funds;
     (6) has potential to benefit existing agricultural business;
     (7) can be reasonably expected to provide an economic return within a reasonable period of time;
     (8) involves processing or adding value to agricultural products produced in the state; and
     (9) has a management structure that allows ongoing postdisbursement involvement by the council.

     History: En. Sec. 1, Ch. 284, L. 1989; amd. Sec. 8, Ch. 171, L. 2001.