Montana Administrative Code

8.97.504 BONDING LIMIT is hereby repealed. Authorizing statute(s): Sec. 17-5-1504, 17-5-1521, MCA Implementing statute(s): Sec. 17-5-1505, 17-5-1506, MCA History: NEW, 1984 MAR p. 922, Eff. 6/15/84; AMD, 1985 MAR p. 1557, Eff. 10/18/85; REP, 1989 MAR p. 659, Eff. 5/26/89.

8.97.505 ELIGIBILITY REQUIREMENTS is hereby repealed. Authorizing statute(s): Sec. 17-5-1504, 17-5-1521, MCA Implementing statute(s): Sec. 17-5-1521, 17-5-1526, 17-5-1527, MCA History: NEW, 1984 MAR p. 922, Eff. 6/15/84; AMD, 1984 MAR p. 1754, Eff. 11/30/84; AMD, 1985 MAR p. 690,…

8.97.506 CRITERIA FOR EVALUATING APPLICATIONS is hereby repealed. Authorizing statute(s): Sec. 17-5-1521, MCA Implementing statute(s): Sec. 17-5-1521, MCA History: NEW, 1984 MAR p. 922, Eff. 6/15/84; REP, 1989 MAR p. 659, Eff. 5/26/89.

8.97.507 APPLICATION PROCEDURE is hereby repealed. Authorizing statute(s): Sec. 17-5-1504, 17-5-1521, MCA Implementing statute(s): Sec. 17-5-1521, 17-5-1526, 17-5-1527, MCA History: NEW, 1984 MAR p. 922, Eff. 6/15/84; AMD, 1984 MAR p. 1754, Eff. 11/30/84; AMD, 1985 MAR p. 155, Ef…

8.97.508 ALLOCATION OF CAPACITY is hereby repealed. Authorizing statute(s): Sec. 17-5-1504, 17-5-1521, MCA Implementing statute(s): Sec. 17-5-1521, MCA History: NEW, 1984 MAR p. 922, Eff. 6/15/84; REP, 1989 MAR p. 659, Eff. 5/26/89.

8.97.509 APPLICATION AND FINANCING FEES, COSTS AND OTHER CHARGES is hereby repealed. Authorizing statute(s): Sec. 17-5-1504, 17-5-1521, MCA Implementing statute(s): Sec. 17-5-1504, 17-5-1521, MCA History: NEW, 1984 MAR p. 922, Eff. 6/15/84; AMD, 1984 MAR p. 1754, Eff. 11/30/84; A…

8.97.510 INTEREST RATES is hereby repealed. Authorizing statute(s): Sec. 17-5-1504, MCA Implementing statute(s): Sec. 17-5-1504, MCA History: NEW, 1984 MAR p. 922, Eff. 6/15/84; REP, 1989 MAR p. 659, Eff. 5/26/89.

8.97.511 CLOSING OF LOANS is hereby repealed. Authorizing statute(s): Sec. 17-5-1504, MCA Implementing statute(s): Sec. 17-5-1504, MCA History: NEW, 1984 MAR p. 922, Eff. 6/15/84; REP, 1989 MAR p. 659, Eff. 5/26/89.

8.97.512 TAXABLE REVENUE BOND PROGRAM is hereby repealed. Authorizing statute(s): Sec. 17-5-1504, MCA Implementing statute(s): Sec. 17-5-1506, 17-5-1527, MCA History: NEW, 1984 MAR p. 922, Eff. 6/15/84; AMD, 1987 MAR p. 1070, Eff. 7/17/87; REP, 1989 MAR p. 659, Eff. 5/26/89.

8.97.701 DEFINITIONS is hereby repealed. Authorizing statute(s): Sec. 17-5-1605, MCA Implementing statute(s): Sec. 17-5-1606 & 17-5-1611, MCA History: NEW, 1984 MAR p. 1466, Eff. 10/12/84; AMD, 1985 MAR p. 915, Eff. 7/12/85; REP, 1992 MAR p. 2275, Eff. 10/16/92.

8.97.702 SCOPE OF SUB-CHAPTER 7 is hereby repealed. Authorizing statute(s): Sec. 17-5-1605, MCA Implementing statute(s): Sec. 17-5-1606 & 17-5-1611, MCA History: NEW, 1984 MAR p. 1466, Eff. 10/12/84; AMD, 1985 MAR p. 915, Eff. 7/12/85; REP, 1992 MAR p. 2275, Eff. 10/16/92.

8.97.703 DESCRIPTION OF MUNICIPAL FINANCE CONSOLIDATION ACT PROGRAM is hereby repealed. Authorizing statute(s): Sec. 17-5-1605, MCA Implementing statute(s): Sec. 17-5-1602, 17-5-1606, 17-5-1611, MCA History: NEW, 1984 MAR p. 1466, Eff. 10/12/84; REP, 1992 MAR p. 2275, Eff. 10/16/…

8.97.704 THE MUNICIPAL BOND PROGRAM is hereby repealed. Authorizing statute(s): Sec. 17-5-1605, MCA Implementing statute(s): Sec. 17-5-1606, MCA History: NEW, 1984 MAR p. 1466, Eff. 10/12/84; REP, 1992 MAR p. 2275, Eff. 10/16/92.

8.97.705 APPLICATION PROCEDURE is hereby repealed. Authorizing statute(s): Sec. 17-5-1605, MCA Implementing statute(s): Sec. 17-5-1611, MCA History: NEW, 1984 MAR p. 1466, Eff. 10/12/84; REP, 1992 MAR p. 2275, Eff. 10/16/92.

8.97.706 CRITERIA FOR EVALUATION OF APPLICATIONS is hereby repealed. Authorizing statute(s): Sec. 17-5-1605, MCA Implementing statute(s): Sec. 17-5-1611, MCA History: NEW, 1984 MAR p. 1466, Eff. 10/12/84; REP, 1992 MAR p. 2275, Eff. 10/16/92.

8.97.707 AGREEMENTS is hereby repealed. Authorizing statute(s): Sec. 17-5-1605, MCA Implementing statute(s): Sec. 17-5-1609, 17-5-1611, 17-5-1643, MCA History: NEW, 1984 MAR p. 1466, Eff. 10/12/84; REP, 1992 MAR p. 2275, Eff. 10/16/92.

8.97.708 FINANCIAL REQUIREMENTS AND COVENANTS is hereby repealed. Authorizing statute(s): Sec. 17-5-1605, MCA Implementing statute(s): Sec. 17-5-1611, MCA History: NEW, 1984 MAR p. 1466, Eff. 10/12/84; REP, 1992 MAR p. 2275, Eff. 10/16/92.

8.97.709 TERMS, INTEREST RATES, FEES AND CHARGES is hereby repealed. Authorizing statute(s): Sec. 17-5-1605, MCA Implementing statute(s): Sec. 17-5-1611, 17-5-1643, MCA History: NEW, 1984 MAR p. 1466, Eff. 10/12/84; AMD, 1985 MAR p. 155, Eff. 2/15/85; AMD, 1987 MAR p. 1070, Eff. …

8.97.710 RESERVE FUND is hereby repealed. Authorizing statute(s): Sec. 17-5-1605, MCA Implementing statute(s): Sec. 17-5-1611, 17-5-1630, MCA History: NEW, 1984 MAR p. 1466, Eff. 10/12/84; REP, 1992 MAR p. 2275, Eff. 10/16/92.

8.97.711 CLOSING REQUIREMENTS is hereby repealed. Authorizing statute(s): Sec. 17-5-1605, MCA Implementing statute(s): Sec. 17-5-1611, MCA History: NEW, 1984 MAR p. 1466, Eff. 10/12/84; AMD, 1985 MAR p. 915, Eff. 7/12/85; REP, 1992 MAR p. 2275, Eff. 10/16/92.

8.97.715 DEFINITIONS For the purposes of this subchapter, the following definitions apply: "Act" means the Municipal Finance Consolidation Act of 1983 as set forth in Title 17, chapter 5, part 16, MCA. "Bond" means any bond or note issued by the board pursuant to Title 17, chapte…

8.97.716 SCOPE OF SUBCHAPTER 7 This subchapter shall govern the submittal of and processing of applications to the board for financing and the purchase of obligations under the Act including, but not limited to, the INTERCAP revolving program. Authorizing statute(s): 17-5-1605, M…

8.97.717 DESCRIPTION OF MUNICIPAL FINANCE CONSOLIDATION ACT PROGRAMS (REPEALED) Authorizing statute(s): 17-5-1605, MCA Implementing statute(s): 17-5-1602, 17-5-1606, 17-5-1611, MCA History: NEW, 1992 MAR p. 2275, Eff. 10/16/92; AMD, 1996 MAR p. 910, Eff. 3/22/96; REP, 2021 MAR p.…

8.97.718 APPLICATION PROCEDURE An eligible government unit may apply for financing under a program by submitting an application to the board on a form provided by the board. The form shall elicit sufficient information to enable the board to determine whether the eligible governm…

8.97.719 CRITERIA FOR EVALUATION OF ALL PROGRAM APPLICATIONS (REPEALED) Authorizing statute(s): 17-5-1605, MCA Implementing statute(s): 17-5-1611, MCA History: NEW, 1992 MAR p. 2275, Eff. 10/16/92; AMD, 1996 MAR p. 766, Eff. 3/22/96; REP, 2021 MAR p. 466, Eff. 5/1/21.

8.97.720 AGREEMENTS Upon approval of an application, the board may enter into a commitment agreement or may proceed to make the approved loan. A loan agreement must be executed and delivered prior to disbursement of any loan funds. The loan agreement must contain the pledges, agr…

8.97.721 FINANCIAL REQUIREMENTS AND COVENANTS is hereby repealed. Authorizing statute(s): Sec. 17-5-1605, MCA Implementing statute(s): Sec. 17-5-1611, MCA History: NEW, 1992 MAR p. 2275, Eff. 10/16/92; REP, 1996 MAR p. 766, Eff. 3/22/96.

8.97.722 GENERAL TERM, INTEREST RATES, FEES AND CHARGES The board may require an eligible government unit to pay interest on its obligations at a rate or rates sufficient to enable the board to pay debt service on any bonds or notes issued by the board, to reimburse the board for…

8.97.723 RESERVE FUND is hereby repealed. Authorizing statute(s): Sec. 17-5-1605, MCA Implementing statute(s): Sec. 17-5-1611, 17-5-1630, MCA History: NEW, 1992 MAR p. 2275, Eff. 10/16/92; REP, 1996 MAR p. 766, Eff. 3/22/96.

8.97.724 CLOSING REQUIREMENTS Prior to the board funding a loan, the eligible government unit shall provide the following: a complete transcript of all proceedings, if applicable, taken by the eligible government unit in connection with the authorization, issuance and sale of the…

8.97.801 PURPOSE (REPEALED) Authorizing statute(s): 90-8-105, MCA Implementing statute(s): 90-8-103, MCA History: NEW, 1983 MAR p. 1820, Eff. 12/16/83; REP, 2013 MAR p. 1181, Eff. 7/12/13.

8.97.802 DEFINITIONS (REPEALED) Authorizing statute(s): 90-8-105, MCA Implementing statute(s): 90-8-101, 90-8-104, 90-8-201, 90-8-202, MCA History: NEW, 1983 MAR p. 1820, Eff. 12/16/83; AMD, 1987 MAR p. 2241, Eff. 12/11/87; AMD, 1990 MAR p. 716, Eff. 3/16/90; REP, 2013 MAR p. 118…

8.97.803 APPLICATION PROCEDURE TO BECOME A "CERTIFIED" MONTANA CAPITAL COMPANY (REPEALED) Authorizing statute(s): 90-8-105, MCA Implementing statute(s): 90-8-202, 90-8-204, MCA History: NEW, 1983 MAR p. 1820, Eff. 12/16/83; AMD, 1987 MAR p. 1070, Eff. 7/17/87; AMD, 1987 MAR p. 22…

8.97.804 APPLICATION PROCEDURE TO BECOME A "QUALIFIED" MONTANA CAPITAL COMPANY (REPEALED) Authorizing statute(s): 90-8-105, MCA Implementing statute(s): 90-8-201, 90-8-202, 90-8-204, MCA History: NEW, 1983 MAR p. 1820, Eff. 12/16/83; AMD, 1987 MAR p. 1070, Eff. 7/17/87; AMD, 1987…

8.97.805 COMPLETED APPLICATION DATE (REPEALED) Authorizing statute(s): 90-8-105, MCA Implementing statute(s): 90-8-201, 90-8-202, 90-8-204, MCA History: NEW, 1983 MAR p. 1820, Eff. 12/16/83; AMD, 1987 MAR p. 2241, Eff. 12/11/87; REP, 2013 MAR p. 1181, Eff. 7/12/13.

8.97.806 AMENDMENT OF APPLICATION (REPEALED) Authorizing statute(s): 90-8-105, MCA Implementing statute(s): 90-8-201, 90-8-202, 90-8-204, MCA History: NEW, 1983 MAR p. 1820, Eff. 12/16/83; REP, 2013 MAR p. 1181, Eff. 7/12/13.

8.97.807 ALLOCATION OF TAX CREDITS (REPEALED) Authorizing statute(s): 90-8-105, MCA Implementing statute(s): 90-8-202, MCA History: NEW, 1983 MAR p. 1820, Eff. 12/16/83; AMD, 1987 MAR p. 2241, Eff. 12/11/87; AMD, 1990 MAR p. 503, Eff. 3/16/90; REP, 2013 MAR p. 1181, Eff. 7/12/13.…

8.97.808 QUARTERLY REPORTING OF QUALIFIED INVESTMENTS (REPEALED) Authorizing statute(s): 90-8-105, MCA Implementing statute(s): 90-8-104, 90-8-312, MCA History: NEW, 1983 MAR p. 1820, Eff. 12/16/83; REP, 2013 MAR p. 1181, Eff. 7/12/13.

8.97.809 RESERVATION OF TAX CREDITS (REPEALED) Authorizing statute(s): 90-8-105, MCA Implementing statute(s): 90-8-202, MCA History: NEW, 1987 MAR p. 2241, Eff. 12/11/87; REP, 2013 MAR p. 1181, Eff. 7/12/13.

8.97.901 THE MONTANA CASH ANTICIPATION FINANCING PROGRAM is hereby repealed. Authorizing statute(s): Sec. 17-5-1605, MCA Implementing statute(s): Sec. 17-5-1606, MCA History: NEW, 1985 MAR p. 915, Eff. 7/12/85; REP, 1992 MAR p. 2275, Eff. 10/16/92.

8.97.902 APPLICATION PROCEDURE FOR THE MONTANA CASH ANTICIPATION FINANCING PROGRAM is hereby repealed. Authorizing statute(s): Sec. 17-5-1605, MCA Implementing statute(s): Sec. 17-5-1611, MCA History: NEW, 1985 MAR p. 915, Eff. 7/12/85; REP, 1992 MAR p. 2275, Eff. 10/16/92.

8.97.903 FINANCIAL REQUIREMENTS AND COVENANTS is hereby repealed. Authorizing statute(s): Sec. 17-5-1605, MCA Implementing statute(s): Sec. 17-5-1611, MCA History: NEW, 1985 MAR p. 915, Eff. 7/12/85; REP, 1992 MAR p. 2275, Eff. 10/16/92.

8.97.904 TERMS, INTEREST RATES, FEES AND CHARGES AND CLOSING REQUIREMENTS is hereby repealed. Authorizing statute(s): Sec. 17-5-1605, MCA Implementing statute(s): Sec. 17-5-1611, MCA History: NEW, 1985 MAR p. 915, Eff. 7/12/85; REP, 1992 MAR p. 2275, Eff. 10/16/92.

8.97.910 INTERCAP PROGRAM - PURPOSE is hereby repealed. Authorizing statute(s): Sec. 17-5-1605, MCA Implementing statute(s): Sec. 17-5-1606, MCA History: NEW, 1992 MAR p. 2275, Eff. 10/16/92; AMD, 1996 MAR p. 910, Eff. 3/22/96; AMD, 1997 MAR p. 1028, Eff. 6/24/97; REP, 2000 MAR p…

8.97.911 INTERCAP PROGRAM - ELIGIBLE GOVERNMENT UNIT'S BORROWING AUTHORITY is hereby repealed. Authorizing statute(s): Sec. 17-5-1605, MCA Implementing statute(s): Sec. 17-5-1606, MCA History: NEW, 1992 MAR p. 2275, Eff. 10/16/92; AMD, 1996 MAR p. 910, Eff. 3/22/96; REP, 2000 MAR…

8.97.912 INTERCAP PROGRAM - ELIGIBILITY FOR PARTICIPATION is hereby repealed. Authorizing statute(s): Sec. 17-5-1605, MCA Implementing statute(s): Sec. 17-5-1606, MCA History: NEW, 1992 MAR p. 2275, Eff. 10/16/92; AMD, 1996 MAR p. 910, Eff. 3/22/96; REP, 2000 MAR p. 2969, Eff. 10…

8.97.913 INTERCAP PROGRAM - ADDITIONAL PROGRAM REQUIREMENTS - INTERCAP-EZ PROGRAM is hereby repealed. Authorizing statute(s): Sec. 17-5-1605, MCA Implementing statute(s): Sec. 17-5-1606, MCA History: NEW, 1992 MAR p. 2275, Eff. 10/16/92; AMD, 1996 MAR p. 766, Eff. 3/22/96; REP, 2…

8.97.914 INTERCAP PROGRAM - ORIGINATION FEE is hereby repealed. Authorizing statute(s): Sec. 17-5-1605, MCA Implementing statute(s): Sec. 17-5-1611, 17-5-1643, MCA History: NEW, 1992 MAR p. 2275, Eff. 10/16/92; AMD, 1996 MAR p. 766, Eff. 3/22/96; AMD, 1997 MAR p. 1028, Eff. 6/24/…

8.97.915 INTERCAP PROGRAM - LOAN TERMS, INTEREST RATES, FEES AND CHARGES is hereby repealed. Authorizing statute(s): Sec. 17-5-1605, MCA Implementing statute(s): Sec. 17-5-1606, MCA History: NEW, 1992 MAR p. 2275, Eff. 10/16/92; AMD, 1996 MAR p. 766, Eff. 3/22/96; REP, 2000 MAR p…

8.97.916 INTERCAP PROGRAM - SHORT-TERM LOANS is hereby repealed. Authorizing statute(s): Sec. 17-5-1605, MCA Implementing statute(s): Sec. 17-5-1606, MCA History: NEW, 1992 MAR p. 2275, Eff. 10/16/92; AMD, 1996 MAR p. 766, Eff. 3/22/96; AMD, 1997 MAR p. 1028, Eff. 6/24/97; REP, 2…