Montana Code Annotated 2023

TITLE 17. STATE FINANCE

CHAPTER 6. DEPOSITS AND INVESTMENTS

Part 8. Montana Housing InfrastructureRevolving Loan Fund

Eligibility -- Priority

17-6-804. Eligibility -- priority. (1) For the costs of an infrastructure project to be eligible to be paid by the proceeds of a loan or bonds or other securities of an eligible government unit as defined in 17-5-1604, the infrastructure project must provide for residential development at a minimum gross density of 10 units for each acre.

(2) Lending of at least $7 million of available funds must be prioritized to counties that have a population of less than 15,000 inhabitants that are located within a 30-mile radius of a state-owned facility that, on an annual average, houses at least 100 state inmates or behavioral health patients, and the state-owned facility is located in a county that has a population that does not exceed 15,000 inhabitants.

History: En. Sec. 13, Ch. 774, L. 2023.