60-11-117. Definitions. As used in 60-11-117 through 60-11-119, the following definitions apply:
(1) "Board" means the board of investments established in 2-15-1808.
(2) "Bonds" means bonds, notes, or other evidences of indebtedness issued pursuant to 60-11-117 through 60-11-119 as essential freight rail revenue bonds.
(3) "Cost", as applied to any project, means any cost of any part of the project pursuant to 60-11-120.
(4) "Projects" means the acquisition, construction, reconstruction, maintenance, and repair of rail lines.
(5) "Revenue" means the revenue from the operation of a rail line loan repayments and any delinquency charges on loan repayments.
History: En. Sec. 7, Ch. 602, L. 2005.
Structure Montana Code Annotated
Title 60. Highways and Transportation
Chapter 11. Rail Transportation
60-11-102. through 60-11-109 reserved
60-11-110. Abandonment defined
60-11-115. Revolving loan account -- statutory appropriation -- rulemaking
60-11-116. Funding for account
60-11-118. Revenue bond debt service account -- deposit of bond proceeds
60-11-119. Authority to issue revenue bonds
60-11-120. Railroad and intermodal transportation facility loans -- authorization -- eligibility
60-11-121. Legislative findings
60-11-123. Disposition of revenue from state-owned railroads -- use of money