90-4-611. Authority to issue energy conservation program bonds. (1) When authorized by the vote of two-thirds of the members of each house of the legislature, at the request of the department, and pursuant to this part, the board may issue and sell bonds or bond anticipation notes of the state in a manner it considers necessary and proper to finance the energy conservation program and to pay costs associated with the sale and issuance of the bonds. Bonds may be issued to provide funds for the payment or redemption of energy conservation building program bonds issued under this section.
(2) The full faith and credit and taxing powers of the state are pledged for the prompt and full payment of all bonds so issued and interest and redemption premiums payable on the bonds according to their terms.
History: En. Sec. 6, Ch. 473, L. 1989.
Structure Montana Code Annotated
Title 90. Planning, Research, and Development
Chapter 4. Energy Development and Conservation
Part 6. State Building Energy Conservation Program
90-4-603. and 90-4-604 reserved
90-4-605. Preparation of energy conservation program
90-4-606. Program report and recommendations
90-4-607. Duties of department
90-4-608. through 90-4-610 reserved
90-4-611. Authority to issue energy conservation program bonds
90-4-612. Form -- principal and interest -- fiscal agent -- deposit of proceeds
90-4-613. Use of energy conservation program account
90-4-614. Appropriation of energy cost savings
90-4-615. Energy conservation repayment account
90-4-616. Transfer of energy savings from projects
90-4-617. Energy conservation capital projects account
90-4-618. Reappropriation of energy conservation projects