ARM 8.97.1309. AUTHORIZED APPLICANTS

(1) Except for infrastructure loans, the board is precluded from lending directly to borrowers by 17-6-201(3) (d) , MCA. Financial institutions are authorized to apply for federally guaranteed, participation and linked deposit loans. Borrowers, including non-profit corporations, may only access these loans through a financial institution. Local governments may apply directly for infrastructure loans.