4.14.306    APPLICATION PROCEDURES

(1)  The authority will make its loan proceeds available through financial institutions. Financial institutions interested in the program must complete and sign the Agricultural Loan Bond Program Application and return it to the authority office in Helena. The following should be noted:

(a)  Application and other forms will be provided by the authority to financial institutions as necessary.  Financial institutions may use their own financial statement and other forms deemed necessary to document the eligibility of the beginning farmer's/rancher's ability to repay principal and interest payments; and

(b)  There is no formal or defined application period.  The loan program is ongoing, therefore, a beginning farmer/rancher may apply at any time.

History: 80-12-103, MCA; IMP, 80-12-103, MCA; NEW, 1984 MAR p. 363, Eff. 3/1/84; AMD, 2001 MAR p. 1723, Eff. 9/7/01.