Section 90-6-132 - DefinitionsAs used in 90-6-131 through 90-6-137, the following definitions apply:
(1) "Board" means the board of housing created in 2-15-1814.(2) "Coal tax trust fund" means the trust fund created pursuant to Article IX, section 5, of the Montana constitution.(3) "Fund" means the housing Montana fund created in 90-6-133.(4) "Housing development" has the meaning provided in 90-6-103.(5) "Low-income" means households whose incomes do not exceed 80% of the median income in the area, as determined by the United States department of housing and urban development, with adjustments for smaller or larger families.(6) "Moderate-income" means households whose incomes are between 81% and 95% of the median income for the area, as determined by the United States department of housing and urban development, with adjustments for smaller and larger families.Amended by Laws 2019, Ch. 460,Sec. 3, eff. 7/1/2019.En. Sec. 2, Ch. 312, L. 1999; amd. Sec. 3, Ch. 426, L. 2007.