90-6-132. Definitions. As used in 90-6-131 through 90-6-137, the following definitions apply:

(1) "Board" means the board of housing created in 2-15-1814.

(2) "Coal tax trust fund" means the trust fund created pursuant to Article IX, section 5, of the Montana constitution.

(3) "Fund" means the housing Montana fund created in 90-6-133.

(4) "Housing development" has the meaning provided in 90-6-103.

(5) "Low-income" means households whose incomes do not exceed 80% of the median income in the area, as determined by the United States department of housing and urban development, with adjustments for smaller or larger families.

(6) "Moderate-income" means households whose incomes are between 81% and 95% of the median income for the area, as determined by the United States department of housing and urban development, with adjustments for smaller and larger families.