90-9-203 . (Temporary) Rulemaking. The council shall adopt rules necessary to implement the provisions of this chapter, including rules: (1) governing the conduct of council business; (2) establishing application procedures for loans and grants authorized in 90-9-202 ; (3) establishing application procedures and required documentation for the Montana farmer loan repayment assistance program pursuant to 90-9-504 ; (4) establishing procedures to be followed by the council in its review process prior to making a loan or grant or providing loan repayment assistance; (5) establishing postdisbursement activities to monitor the use of a loan or grant by its recipient, including: (a) any reporting requirements; and (b) procedures for repayment of a loan or grant upon failure of a recipient to meet the terms and conditions of that loan or grant; (6) establishing interest rates for loans in accordance with market factors and the purposes of this chapter; (7) limiting the amount of loans or grants that any company may receive or apply for over a given period of time; (8) governing the deferral or forgiveness of loans and any accrued interest; and (9) establishing other terms and conditions of loans and grants and loan repayment assistance, as necessary, within the requirements and purposes of this chapter. (Terminates June 30, 2029--sec. 16, Ch. 439, L. 2019.)
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