17-5-102. Rate of interest on bonds to be determined by governing bodies. (1) Bonds of a political subdivision shall bear interest at such rate or rates as its governing body shall determine.
(2) The provisions of this section establish the rate of interest on bonds of political subdivisions as defined in 17-5-101 and expressly supersede any other statutory limitation on the rate of interest to be borne by bonds of political subdivisions.
History: En. Sec. 2, Ch. 234, L. 1971; R.C.M. 1947, 79-2602; amd. Sec. 10, Ch. 500, L. 1981; amd. Sec. 1, Ch. 11, L. 1983.
Structure Montana Code Annotated
Part 1. Rates of Interest -- Notice
17-5-102. Rate of interest on bonds to be determined by governing bodies
17-5-103. Rate of interest on special assessments determined by governing bodies -- limitations
17-5-104. Effect of revisions on bonds previously authorized
17-5-105. Redemption of bonds -- optional method
17-5-106. Notice of public bond sale
17-5-107. Public or private sale -- procedure for public sale
17-5-108. through 17-5-110 reserved
17-5-111. Electronic submission of bids
17-5-112. through 17-5-115 reserved
17-5-116. Allocation of bonding limits -- American Recovery and Reinvestment Act of 2009