75-6-227. Creation of debt. The legislature, through enactment of this section, authorizes the creation of state debt in an amount not to exceed $50 million in principal amount of general obligation bonds outstanding from time to time for the purpose of:
(1) funding the drinking water program; and
(2) funding portions of loans on an interim basis pending receipt of:
(a) grant payments from the environmental protection agency for which federal legislation appropriating the proceeds of the grants has been enacted; or
(b) other revenue for the program.
History: En. Sec. 16, Ch. 553, L. 1995; amd. Sec. 4, Ch. 421, L. 1999; amd. Sec. 2, Ch. 18, L. 2003; amd. Sec. 4, Ch. 323, L. 2005; amd. Sec. 3, Ch. 29, L. 2021.
Structure Montana Code Annotated
Title 75. Environmental Protection
Chapter 6. Public Water Supplies, Distribution, and Treatment
Part 2. Drinking Water State Revolving Fund Act
75-6-203. Drinking water state revolving fund program
75-6-204. Authorization of agreement -- content
75-6-205. Rulemaking authority
75-6-206. through 75-6-210 reserved
75-6-212. Use of revolving fund
75-6-214. Use of funds -- statutory appropriation
75-6-216. through 75-6-220 reserved
75-6-221. General loan and assistance program
75-6-222. Evaluation of projects and loan applications
75-6-223. Applications for loans
75-6-225. Authorization of bonds -- allocation of proceeds
75-6-226. Loan subsidy for disadvantaged communities
75-6-228. through 75-6-230 reserved
75-6-231. Intended use plan -- advisory committee
75-6-232. Insurance and guarantee program
75-6-233. through 75-6-235 reserved
75-6-236. Projects funded by federal government appropriations