Montana § 90-1-502 - Administration Of Revolving Loan Account -- Rulemaking Authority
Full text of Montana Montana Code Annotated § 90-1-502 — Administration Of Revolving Loan Account -- Rulemaking Authority, with citation guidance and answers to common questions.
§ 90-1-502. Administration Of Revolving Loan Account -- Rulemaking Authority
Administration of revolving loan account -- rulemaking authority. (1) The department of commerce may adopt rules to implement this part establishing: (a) eligibility criteria, including demonstrated need, criteria for defining capital investments, feasibility to create and retain jobs, financial capacity to repay the loans, estimated return on investment, and other matters that the department considers necessary to ensure repayment of loans and to encourage maximum use of the account; (b) terms and conditions for the loans, including repayment schedules and interest; and (c) a loan application fee. (2) Loans must be made at a low interest rate. The department may set the interest rate at an amount that will cover its administrative costs, but the rate may not be less than 1% a year. The department may determine terms and conditions of loans, including recovery of funds in the event of default.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 90-1-502
What does Montana Code Annotated § 90-1-502 cover?
Section 90-1-502 ("Administration Of Revolving Loan Account -- Rulemaking Authority") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 90-1-502?
A common citation format is "Montana Code Annotated § 90-1-502" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 90-1-502 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.