(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.