7-10-218. Liens arising from bonds. The resolution or resolutions authorizing the bonds must specify and define the revenue or portion of the revenue that is appropriated and pledged for the security and payment of the bond principal and interest and the relative security of liens on the revenue in favor of bonds of one or more series or issues, whether issued concurrently or at different times.
History: En. Sec. 19, Ch. 351, L. 2009.
Structure Montana Code Annotated
Chapter 10. Regional Resource Authorities
7-10-201. Regional resource authority projects -- definition
7-10-202. Role of state agencies
7-10-203. and 7-10-204 reserved
7-10-205. Authority to issue revenue bonds
7-10-206. Determination of cost
7-10-207. Nature of revenue bonds
7-10-208. Projects to be self-supporting
7-10-209. Use of revenue from project
7-10-210. through 7-10-214 reserved
7-10-215. Covenants in resolution authorizing issuance of bonds
7-10-217. Presumption of validity of bonds
7-10-218. Liens arising from bonds
7-10-219. Details relating to revenue bonds