Rule 8.111.306 - HOUSING SPONSORS(1) A housing sponsor may be anyone or a combination of the entities listed in 90-6-103, MCA, that is approved by a qualified lending institution acting on behalf of the board. Housing sponsors may include a limited profit housing sponsor, a non-profit housing sponsor and a governmental agency as defined in 90-6-103, MCA, and who possess the legal, financial and managerial capacity to provide housing developments within the state.(2) Housing sponsors will certify all actual housing sponsors' expenditures to the board.Mont. Admin. r. 8.111.306
NEW, Eff. 7/9/76; TRANS, C. 163, L. 1977, Eff. 7/1/77; TRANS, from Dept. of Administration, C. 294, L. 1981, Eff. 7/1/81.Sec. 90-6-104, 90-6-106, MCA; IMP, Sec. 90-6-106, 90-6-110, MCA;