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    • Legislation USA
    • Montana Code Annotated
    • Title 17. State Finance
    • Chapter 5. Public Bond Issues
    • Part 9. Highway Revenue Bonds
    • 17-5-902. Purpose

    Montana Code Annotated
    Part 9. Highway Revenue Bonds
    17-5-902. Purpose

    17-5-902. Purpose. The purpose of this part is to provide for the financing of the cost of state highway and federal-aid highway projects through the issuance of highway revenue bonds secured by a pledge and appropriation of highway revenue.
    History: En. Sec. 2, Ch. 557, L. 1983.

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    Structure Montana Code Annotated

    Montana Code Annotated

    Title 17. State Finance

    Chapter 5. Public Bond Issues

    Part 9. Highway Revenue Bonds

    17-5-901. Short title

    17-5-902. Purpose

    17-5-903. Definitions

    17-5-904. through 17-5-910 reserved

    17-5-911. Highway revenue bond debt service account -- deposit of bond proceeds

    17-5-912. Pledge of highway revenues

    17-5-913. Authority to issue highway revenue bonds

    17-5-914. Continuation of taxes -- limit on additional highway revenue bonds

    17-5-915. through 17-5-920 reserved

    17-5-921. Bond anticipation notes -- issued when -- payment of principal and interest

    17-5-922. Form -- principal and interest -- fiscal agent -- bonds authorized

    17-5-923. Trust indenture

    17-5-924. Provisions for protecting bondholders

    17-5-925. Personal liability -- suit to compel performance

    17-5-926. Negotiability of bonds

    17-5-927. Signatures of board members

    17-5-928. Refunding obligations

    17-5-929. Pledge of the state

    17-5-930. Tax exemption of bonds -- legal investments

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