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Rule: 8.97.2002 Prev     Up     Next    
Rule Title: DESCRIPTION AND GOALS OF THE STATE CRP ENHANCEMENT PROGRAM
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Department: COMMERCE, DEPARTMENT OF
Chapter: BOARD OF INVESTMENTS
Subchapter: Conservation Reserve Payment Enhancement Program
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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8.97.2002    DESCRIPTION AND GOALS OF THE STATE CRP ENHANCEMENT PROGRAM

(1) The state CRP program is an economic development loan program administered by the board.

(2) The board will issue its economic development bonds pursuant to the Act, for the purpose of funding a program pursuant to which a person participating in the federal CRP program can borrow money against his contract and use the loan proceeds for an agricultural enterprise project.

(3) The goals of the program are to:

(a) provide loans for agricultural enterprise projects at favorable interest rates in order to strengthen the state's agricultural industry;

(b) provide loans to persons participating in the U.S. conservation reserve payment program for agricultural enterprise projects in amounts which will assist those persons while simultaneously protecting the board and other investors.

History: Sec. 17-5-1504, 17-5-1521, MCA; IMP, Sec. 17-5-1504, 17-5-1505, 17-5-1521, MCA; NEW, 1989 MAR p. 2204, Eff. 12/22/89.


 

 
MAR Notices Effective From Effective To History Notes
12/22/1989 Current History: Sec. 17-5-1504, 17-5-1521, MCA; IMP, Sec. 17-5-1504, 17-5-1505, 17-5-1521, MCA; NEW, 1989 MAR p. 2204, Eff. 12/22/89.
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