Montana Code 17-6-347. Purchase of seasoned or mature loans by board
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17-6-347. Purchase of seasoned or mature loans by board. The board may purchase a portion of a seasoned or mature loan from a local economic development organization‘s revolving loan program.
Terms Used In Montana Code 17-6-347
- Board: means the board of investments created in 2-15-1808. See Montana Code 17-6-302
- Local economic development organization: means :
(a)(i) a private, nonprofit corporation, as provided in Title 35, chapter 2, that is exempt from taxation under section 501(c)(3) or 501(c)(6) of the Internal Revenue Code, 26 U. See Montana Code 17-6-302