Montana Code Annotated
Part 25. Financial Management of County Roads and Bridges
7-14-2523. Term of county bridge bonds

7-14-2523. Term of county bridge bonds. (1) Bonds issued under 7-14-2522(1) may not be issued for a term longer than 20 years.
(2) A bond issued under 7-14-2522(1)(b) may not be issued for a term longer than 10 years, except that if the unexpired term of the bonds to be refunded is greater than 10 years, the refunding bonds may be issued for the unexpired term.
History: En. Sec. 7-305, Ch. 197, L. 1965; amd. Sec. 30, Ch. 234, L. 1971; amd. Sec. 125, Ch. 316, L. 1974; R.C.M. 1947, 32-3805(1), (2); amd. Sec. 50, Ch. 574, L. 2001.

Structure Montana Code Annotated