80-12-311. Accounts of the authority. There is an agricultural loan authority enterprise fund in the enterprise fund type provided for in 17-2-102. All funds from the proceeds of bonds issued under this chapter, fees and other money received by the authority, money appropriated by the legislature for the use of the authority in administering this chapter, and money made available from any other source for the use of the authority must be deposited in the agricultural loan authority enterprise fund except as otherwise provided by law. All funds deposited in the agricultural loan authority enterprise fund are continuously appropriated to and may be expended by the authority for the purposes authorized in this chapter.
History: En. Sec. 18, Ch. 580, L. 1983; amd. Sec. 48, Ch. 281, L. 1983.
Structure Montana Code Annotated
Chapter 12. Montana Agricultural Loan Authority Act
80-12-301. Issuance of bonds -- credit of the state not pledged
80-12-302. Provisions of bond resolutions or trust indentures
80-12-304. Negotiability of bonds
80-12-305. Tax exemption of bonds
80-12-306. Purchase of bonds -- cancellation
80-12-307. Pledge against impairment of contracts
80-12-310. Continuing validity of authority members' signatures
80-12-311. Accounts of the authority
80-12-312. Reserve funds and appropriations