17-5-1514. Accounts. The board may create funds and accounts necessary to implement this part. The funds and accounts may include:
(1) a fund into which bond proceeds are deposited;
(2) a common bond fund consisting of:
(a) a common debt service account;
(b) a capital reserve account as provided in 17-5-1515; and
(c) an operating account for defraying the operational costs of the board; and
(3) other funds or accounts.
History: En. Sec. 12, Ch. 686, and Sec. 14, Ch. 701, L. 1983; amd Sec. 48, Ch. 281, L. 1983.
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