Section 90-9-502 - [Expires 6/30/2029] Eligibility - amount of loan repayment assistance(1) A farmer is qualified for loan repayment assistance if the farmer: (a) is a resident of Montana whose primary occupation is to operate a farm;(b) has graduated from a postsecondary institution as defined in 20-26-603 with an associate degree or a baccalaureate degree; and(c) commits to operate the farm for at least 5 years after applying for loan repayment assistance pursuant to this part.(2) A farmer who is qualified pursuant to subsection (1) is eligible for loan repayment assistance for up to a maximum of 5 years.(3) The total amount of loan repayment assistance for an eligible qualified farmer may not exceed 50% of the total amount of educational loans outstanding on the application date for loan repayment assistance.(4) A farmer who qualifies for and receives loan repayment assistance shall repay that assistance if the farmer ceases to operate the farm before the end of the 5-year commitment. (Terminates June 30, 2029--sec. 16, Ch. 439, L. 2019.)Amended by Laws 2021, Ch. 14,Sec. 13, eff. 10/1/2021.Added by Laws 2019, Ch. 439,Sec. 2, eff. 7/1/2019, terminates 6/30/2029.