{"data":{"id":"us-mt/17-6-312","jurisdiction":"us-mt","citation":"17-6-312","heading":"State participation in loans.","body":"(1) Subject to 17-6-311, state participation in any loan to a business enterprise, except for a loan made pursuant to 17-6-317 or guaranteed by a federal agency, must be limited to 80% of the outstanding loan. The state shall participate in the security for a loan in the same proportion as the loan participation amount.\n(2) State participation in loans to nonprofit corporations may qualify for the job credit interest rate reductions under 17-6-318 if the interest rate reduction passes through to a for-profit business creating the jobs.","path":["TITLE 17. STATE FINANCE","CHAPTER 6. DEPOSITS AND INVESTMENTS","Part 3. Montana In-State Investment"],"source_url":"https://mca.legmt.gov/bills/mca/title_0170/chapter_0060/part_0030/section_0120/0170-0060-0030-0120.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:48:20Z","sha256":"1029fa056c3ec9cde5aad95706f26229b136b2aa38c7372f03abf541027f62f4","source_id":"us-mt","stale":false,"prev":"us-mt/17-6-311","next":"us-mt/17-6-313"},"notice":"GroundRules: Original legal text. Not legal advice."}