(1) Except for infrastructure loans, the board is precluded from lending directly to borrowers by 17-6-201(3) (d) , MCA.   Financial institutions are authorized to apply for federally guaranteed, participation and linked deposit loans.   Borrowers, including non-profit corporations, may only access these loans through a financial institution.   Local governments may apply directly for infrastructure loans.

History: Sec. 17-6-324, 17-6-308, MCA; IMP, Sec. 17-6-308, 17-6-313, MCA; NEW, 2000 MAR p. 1043, Eff. 2/11/00.