90-4-1206. Determination of cost. The governing authority of a governmental body, in determining the cost of a project to be financed by the issuance of revenue bonds pursuant to 90-4-1205, may include:
(1) engineering, inspection, fiscal, and legal expenses;
(2) interest estimated to accrue during the construction period of the project and for up to 6 months after the construction period on borrowed funds; and
(3) costs of issuance of the revenue bonds and the funding of a debt service reserve to secure the revenue bonds.
History: En. Sec. 6, Ch. 378, L. 2007.
Structure Montana Code Annotated
Title 90. Planning, Research, and Development
Chapter 4. Energy Development and Conservation
Part 12. Montana Clean Renewable Energy Bond Act
90-4-1203. Authority to acquire, construct, and operate projects
90-4-1204. Cooperation among governmental bodies
90-4-1205. Authority to issue revenue bonds
90-4-1206. Determination of cost
90-4-1207. Nature of revenue bonds
90-4-1208. Authority to issue other bonds
90-4-1209. Use of revenue from project
90-4-1210. Covenants in resolution of authorizing issuance of bonds
90-4-1211. through 90-4-1215 reserved
90-4-1217. Presumptions of validity of bonds
90-4-1218. Liens arising from bonds or contracts -- mortgages
90-4-1220. Interim receipts or certificates
90-4-1221. Requirements prior to project construction
90-4-1222. Prohibition on construction, ownership, and operation of powerlines