60-11-119. Authority to issue revenue bonds. The board may issue and sell essential freight rail revenue bonds to make loans to finance the cost of projects, to pay the costs of issuing the bonds, and to provide for reserves, upon recommendation of the department. The bonds must be issued under Title 17, chapter 5, part 15.
History: En. Sec. 9, 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