90-6-132. Definitions.
90-6-132. Definitions. As used in 90-6-131 through 90-6-136, the following definitions apply:
(1) "Board" means the board of housing created in 2-15-1814.
(2) "Fund" means the housing Montana fund created in 90-6-133.
(3) "Housing development" means the same as in 90-6-103.
(4) "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.
(5) "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.
History: En. Sec. 2, Ch. 312, L. 1999; amd. Sec. 3, Ch. 426, L. 2007.