85-1-624. Authorization of bonds. The board of examiners is authorized to issue and sell general obligation renewable resource bonds for the renewable resource grant and loan program created under Title 85, chapter 1, part 6, in accordance with the terms and conditions and in the manner provided in 85-1-617 from time to time and in amounts that, taking into consideration the principal amount of any renewable resource bonds then outstanding, will not cause the total aggregate principal amount of renewable resource bonds outstanding at any time to exceed $30 million.
History: En. Sec. 1, Ch. 437, L. 1995; amd. Sec. 1, Ch. 14, L. 1999; amd. Sec. 1, Ch. 113, L. 2003.
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