Montana Code 90-6-127. Allocation of state limit
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90-6-127. Allocation of state limit. (1) All of the aggregate amount of qualified mortgage bonds that may be issued during any calendar year in accordance with section 146 of the Internal Revenue Code, 26 U.S.C. § 146, as amended, is allocated to the board of housing.
Terms Used In Montana Code 90-6-127
- Board: means the board of housing created in 2-15-1814. See Montana Code 90-6-103
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
(2)The board of housing may adopt standards for determining and may designate areas of chronic economic distress within the meaning of section 143(j)(3) of the Internal Revenue Code, 26 U.S.C. § 143(j)(3), as amended.