Montana Code Annotated
Part 3. Finance
20-15-301. Sources of financing for and types of capital expenditures

20-15-301. Sources of financing for and types of capital expenditures. (1) The board of trustees of a community college district may:
(a) purchase, lease, build, enlarge, alter, or repair school buildings and dormitories;
(b) furnish and equip buildings;
(c) purchase sites for buildings; and
(d) issue, refund, sell, budget, and redeem the bonds of the district in accordance with the provisions of 20-15-327 and chapter 9, part 4, of this title.
(2) The board of trustees of a community college district may borrow money for the purposes of 20-15-327 and this section and repay the obligations from the various revenues of the college as described in 20-15-327.
History: En. 75-8122 by Sec. 469, Ch. 5, L. 1971; amd. Sec. 2, Ch. 419, L. 1973; R.C.M. 1947, 75-8122; amd. Sec. 1, Ch. 488, L. 1989; amd. Sec. 1, Ch. 421, L. 2017.

Structure Montana Code Annotated