75-6-327. Refunding revenue bonds. If the authority has issued bonds under the provisions of this part, it may by resolution issue refunding bonds for the purpose of retiring or refinancing outstanding bonds, together with any unpaid interest on the bonds and any redemption premium. All of the provisions of this part relating to the issuance, security, and payment of bonds apply to the refunding bonds. However, the bonds are subject to the provisions of the proceedings that authorized the issuance of the bonds to be refunded.
History: En. Sec. 17, Ch. 498, L. 1999.
Structure Montana Code Annotated
Title 75. Environmental Protection
Chapter 6. Public Water Supplies, Distribution, and Treatment
Part 3. Regional Water and Wastewater Authority Act
75-6-303. Liberal construction
75-6-307. through 75-6-309 reserved
75-6-310. Declaration of authority organization -- when public body, corporate and politic
75-6-311. Governing body -- appointments -- terms of members -- voting rights
75-6-312. Meetings of governing body -- annual audit
75-6-313. Powers of governing body
75-6-314. through 75-6-319 reserved
75-6-321. Items included in cost of properties
75-6-323. Sinking fund for revenue bonds
75-6-325. Statutory mortgage lien
75-6-326. Rates, fees, and charges -- establishment and changes
75-6-327. Refunding revenue bonds