(1) In addition to the definitions set forth in 90-9-103, MCA, the following definitions apply for purposes of these rules:
- (a) "Act" means the provisions of Title 90, chapter 9, MCA.
- (b) "Marketing" means those efforts undertaken to expand the salability of the products of Montana agricultural businesses through the development of new products, processes and technologies; the improvement or modification of existing products, processes and technologies; and the development of new opportunities for selling and distributing Montana agricultural products.
- (2) "Matching Funds" means both cash or in-kind match. In-kind match is calculated at the actual market price of the services rendered but no more than 25 dollars an hour. All in-kind match(es) must be project specific as opposed to the normal operation of an ongoing business. The credit for in-kind match is limited to ten percent of the total match proposed.
Authorizing statute(s): 90-9-203, MCA
Implementing statute(s): 90-9-203, MCA
History: NEW, 1988 MAR p. 2481, Eff. 11/24/88; TRANS, from Dept. of Commerce, 1989 MAR p. 1190, Eff. 8/18/89; AMD, 2010 MAR p. 216, Eff. 1/29/10; AMD, 2016 MAR p. 1254, Eff. 7/23/16.