85-1-618. Restrictions on use of bond proceeds. Renewable resource bond proceeds may be used only for the purpose of making loans as provided in the renewable resource grant and loan program or for purchasing liens and operating property as provided in 85-1-615.
History: En. Sec. 19, Ch. 505, L. 1981; amd. Sec. 7, Ch. 491, L. 1989; amd. Sec. 25, Ch. 478, L. 1993.
Structure Montana Code Annotated
Part 6. Renewable Resource Grant and Loan Program
85-1-601. Purpose and policies
85-1-605. Grants, loans, and bonds for state, local, or tribal government assistance
85-1-606. Grants and loans to private persons
85-1-608. Applications for grants and loans to private persons
85-1-609. Eligibility for a loan or grant to a private person
85-1-610. Evaluation of grants and loans to private persons
85-1-611. Department to solicit views
85-1-612. Rulemaking authority
85-1-614. Limits on grants from natural resources projects state special revenue account
85-1-615. Security interests -- purchase, operation, and resale of encumbered property
85-1-616. Administration of loans and grants
85-1-617. Issuing renewable resource bonds -- renewable resource loan proceeds account
85-1-618. Restrictions on use of bond proceeds
85-1-619. Debt service fund -- pledge and administration of sufficient balance
85-1-620. Renewable resource refunding bonds
85-1-624. Authorization of bonds