Montana Code 17-6-324. Rulemaking authority
17-6-324. Rulemaking authority. (1) The board may adopt rules to implement the provisions of this part and 17-6-211(2). Rules adopted by the board may include:
Terms Used In Montana Code 17-6-324
- Board: means the board of investments created in 2-15-1808. See Montana Code 17-6-302
- Service fees: means the fees normally charged by a financial institution for servicing a loan, including amounts charged for collecting payments and remitting amounts to the fund. See Montana Code 17-6-302
(a)definitions of small- and medium-sized businesses;
(b)a method of committing funds to financial institutions, including guidelines for lead private financial institutions if a consortium of private financial institutions is participating in a loan made pursuant to 17-6-317;
(c)guidelines for graduation clauses for refinancing and early payment of loans made pursuant to 17-6-317;
(d)types of service fees; and
(e)types of investments to be made.
(2)The board may also adopt procedural rules to govern its proceedings.