7-7-4422. Determination of cost. The governing body of a municipality, in determining cost for purposes of 7-7-4421, may include:
(1) all costs and estimated costs of the issuance of revenue bonds, including a permissible underwriter's discount, if any;
(2) all engineering, inspection, fiscal, and legal expenses; and
(3) interest estimated to accrue during the construction period and for 6 months after construction on money borrowed or on money that it is estimated will be borrowed pursuant to this part.
History: En. Sec. 3, Ch. 126, L. 1939; amd. Sec. 1, Ch. 52, L. 1949; amd. Sec. 1, Ch. 145, L. 1951; R.C.M. 1947, 11-2403(part); amd. Sec. 31, Ch. 423, L. 1995.
Structure Montana Code Annotated
Part 44. Municipal Revenue Bonds
7-7-4403. Interpretation of part
7-7-4404. Authority to acquire, construct, maintain, and operate various undertakings
7-7-4406. Cooperation among municipalities
7-7-4407. Role of state agencies
7-7-4408. through 7-7-4420 reserved
7-7-4421. Authority to issue revenue bonds
7-7-4422. Determination of cost
7-7-4423. Nature of revenue bonds
7-7-4424. Undertakings to be self-supporting
7-7-4425. Use of revenue from undertaking
7-7-4426. Authorization for undertaking and issuance of bonds
7-7-4428. Covenants in resolution authorizing issuance of bonds
7-7-4430. Presumptions of validity of bonds
7-7-4431. Liens arising from bonds
7-7-4432. Details relating to revenue bonds