Administrative Rules of Montana
Department 17 - ENVIRONMENTAL QUALITY
Chapter 17.84 - RENEWABLE ENERGY GRANT AND LOAN PROGRAM
Subchapter 17.84.1 - Renewable Energy Grant and Loan Program
Rule 17.84.132 - AUTHORIZATION FOR LOAN CONSIDERATION
Universal Citation: MT Admin Rules 17.84.132
Current through Register Vol. 6, March 22, 2024
(1) If an applicant's proposal is approved and determined to be appropriate for funding by a loan pursuant to ARM 17.84.103, the department will provide the applicant with a letter of authorization for loan consideration.
(2) The letter of authorization for loan consideration will certify to financial institutions that:
(a) the applicant's proposal is
consistent with the purposes of the Act and these rules; and
(b) the department will consider
participation in a loan made by a financial institution for the purposes
described in the proposal subject to the availability of funds.
(3) The department will describe in the authorization for loan consideration such terms and conditions as it considers necessary for the department's participation in a loan made by a financial institution for the proposed project.
90-4-104, MCA; IMP, 90-4-101, 90-4-104, MCA;
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