67th Legislature
HB 94.01
1 HOUSE BILL NO. 94
2 INTRODUCED BY K. WALSH
3 BY REQUEST OF THE DEPARTMENT OF AGRICULTURE
4
5 A BILL FOR AN ACT ENTITLED: “AN ACT EXPANDING LOAN TYPES ELIGIBLE FOR THE MONTANA
6 FARMER LOAN REPAYMENT ASSISTANCE PROGRAM; AMENDING SECTION 90-9-103, MCA; AND
7 PROVIDING AN IMMEDIATE EFFECTIVE DATE.”
8
9 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA:
10
11 Section 1. Section 90-9-103, MCA, is amended to read:
12 "90-9-103. (Temporary) Definitions. As used in this chapter, the following definitions apply:
13 (1) "Act" means the Montana Growth Through Agriculture Act.
14 (2) "Agricultural business" means an enterprise engaged in the production, processing, marketing,
15 distribution, or exporting of agricultural products. The term includes any related business the primary function of
16 which is providing goods or services to an agricultural enterprise.
17 (3) "Company" means a natural person, firm, partnership, corporation, association, or other entity
18 authorized to conduct business in the state.
19 (4) "Council" means the Montana agriculture development council established in 2-15-3015.
20 (5) "Department" means the department of agriculture established in 2-15-3001.
21 (6) "Educational loan" means a loan made pursuant to a federal loan program, except for a federal
22 parent loan for undergraduate students (PLUS) loan, as provided in 20 U.S.C. 1078-2, or a loan made by a
23 private lender expressly for the payment of the borrower’s college expenses. A portion of a consolidated loan
24 may be considered, if the qualifying amount can be determined fairly.
25 (7) "Educational loan servicer" means an entity that engages for compensation or gain from another
26 or on its own behalf, in the business of:
27 (a) receiving any scheduled periodic payments from a borrower pursuant to the terms of an
28 educational loan;
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67th Legislature
HB 94.01
1 (b) applying the payments of principal and interest and other payments with respect to the amounts
2 received from a borrower, as may be required pursuant to the terms of an educational loan; and
3 (c) performing other administrative services with respect to an educational loan.
4 (8) "Farmer" means a person who:
5 (a) is engaged in agricultural activities, including ranching, at a farm;
6 (b) participates in the day-to-day operations of a farm; and
7 (c) is the primary owner of an agricultural operation, including an heir, a successor, or an assignee of
8 the operation.
9 (9) "Federal loan program" has the meaning provided in 20-4-502.
10 (10) (a) "Matching funds" means the funds received by the loan or grant recipient from private, federal,
11 state, or commodity checkoff funds and contributed by the recipient in support of a loan or grant application in
12 an amount that is at least equal to the funds disbursed to the recipient by the council.
13 (b) Matching funds may not include other state grants.
14 (11) "State" means the state of Montana. (Terminates June 30, 2029--sec. 16, Ch. 439, L. 2019.)
15 90-9-103. (Effective July 1, 2029) Definitions. As used in this chapter, the following definitions
16 apply:
17 (1) "Act" means the Montana Growth Through Agriculture Act.
18 (2) "Agricultural business" means an enterprise engaged in the production, processing, marketing,
19 distribution, or exporting of agricultural products. The term includes any related business the primary function of
20 which is providing goods or services to an agricultural enterprise.
21 (3) "Company" means a natural person, firm, partnership, corporation, association, or other entity
22 authorized to conduct business in the state.
23 (4) "Council" means the Montana agriculture development council established in 2-15-3015.
24 (5) "Department" means the department of agriculture established in 2-15-3001.
25 (6) (a) "Matching funds" means the funds received by the loan or grant recipient from private, federal,
26 state, or commodity checkoff funds and contributed by the recipient in support of a loan or grant application in
27 an amount that is at least equal to the funds disbursed to the recipient by the council.
28 (b) Matching funds may not include other state grants.
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67th Legislature
HB 94.01
1 (7) "State" means the state of Montana."
2
3 NEW SECTION. Section 2. Effective date. [This act] is effective on passage and approval.
4 - END -
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Statutes affected:
Introduced: 90-9-103