Montana Code 90-6-132. Definitions
90-6-132. Definitions. As used in 90-6-131 through 90-6-137, the following definitions apply:
Terms Used In Montana Code 90-6-132
- Board: means the board of housing created in 2-15-1814. See Montana Code 90-6-103
- Department: means the department of commerce provided for in Title 2, chapter 15, part 18. See Montana Code 90-6-103
- United States: includes the District of Columbia and the territories. See Montana Code 1-1-201
(1)”Board” means the board of housing created in 2-15-1814.
(2)”Coal tax trust fund” means the trust fund created pursuant to Article IX, section 5, of the Montana constitution.
(3)”Fund” means the housing Montana fund created in 90-6-133.
(4)”Housing development” has the meaning provided in 90-6-103.
(5)”Low-income” means households whose incomes do not exceed 80% of the median income in the area, as determined by the United States department of housing and urban development, with adjustments for smaller or larger families.
(6)”Moderate-income” means households whose incomes are between 81% and 95% of the median income for the area, as determined by the United States department of housing and urban development, with adjustments for smaller and larger families.