17-5-1502. Legislative declaration. (1) It is the policy of the state of Montana, in the interest of promoting the health, safety, and general welfare of all the people of the state, to increase job opportunities and to retain existing jobs by making available, through the board of investments, funds for industrial, commercial, manufacturing, natural resource, agricultural, livestock, recreational, tourist, and health care development.
(2) The legislature finds that:
(a) a vigorous, diversified, and growing economy is the basic source of job opportunities;
(b) protection against unemployment and its economic burdens and the spread of economic stagnation can best be provided by promoting, attracting, stimulating, and revitalizing a diversified economy with contributions from industry, manufacturing, commerce, natural resource development, agriculture, livestock, recreation, tourism, and health care facilities; and
(c) the state of Montana has a responsibility to help create a favorable climate for new and improved job opportunities and a stable, growing, and healthy economy for its citizens by encouraging the development of business.
History: En. Sec. 2, Ch. 701, L. 1983; amd. Sec. 7, Ch. 581, L. 1987.
Structure Montana Code Annotated
Part 15. Economic Development Bonds
17-5-1502. Legislative declaration
17-5-1504. Powers of the board
17-5-1505. Financing programs of the board
17-5-1506. Bonds and notes for projects and major projects
17-5-1507. Bond anticipation notes -- issuance -- payment of principal and interest
17-5-1508. Provisions of bond resolutions
17-5-1510. Purchase of notes and bonds -- cancellation
17-5-1512. Negotiability of bonds
17-5-1513. Signatures of board members
17-5-1515. Reserve funds and appropriations
17-5-1516. Maintenance of capital reserve account
17-5-1517. Refunding obligations
17-5-1518. Tax exemption of bonds
17-5-1522. Pledge of the state
17-5-1523. Credit of state not pledged
17-5-1524. Taxation of projects
17-5-1525. Bonds as legal investment
17-5-1526. Procedure prior to financing projects