- (1) The department will notify the MBDC in writing of its intent to renew and/or require repayment of a development loan, at least 90 days prior to the expiration of the development loan agreement.
- (2) The department may renew the terms of the development loan up to four years or may require the repayment of the loan in full or in part.
- (3) The department will consider the criteria for certification of the MBDC and development loan approval, and the MBDC's record of compliance with the development loan agreement, in determining if a development loan is to be renewed and/or repaid in full or in part.
Authorizing statute(s): Sec. 17-6-406, MCA
Implementing statute(s): Sec. 17-6-406, MCA
History: NEW, 1992 MAR p. 42, Eff. 1/17/92; AMD, 1998 MAR p. 466, Eff. 2/13/98; AMD, 1998 MAR p. 2166, Eff. 8/14/98; AMD, 2000 MAR p. 1045, Eff. 4/28/00.