Section 90-9-311 - General criteria underlying loans and grantsThe council may make a loan or grant only if the council determines that:
(1) the loan or grant is consistent with the findings and purposes of this chapter because it primarily adds value to Montana's agricultural products;(2) the project for which the loan or grant is made has prospects for achieving commercial success given the current personnel, experience, and resources of the applicant;(3) the project for which the loan or grant is made is anticipated to create new jobs or retain existing jobs in the state;(4) the loan or grant is primarily intended to be used for processing or adding value to agricultural products produced or potentially produced in the state; and(5) the applicant has a management structure that allows the council to reasonably conclude that the applicant will comply with ongoing reporting requirements and postdisbursement monitoring activities established by the council.En. Sec. 1, Ch. 284, L. 1989; amd. Sec. 8, Ch. 171, L. 2001; amd. Sec. 8, Ch. 106, L. 2009.