90-5-109. Cost of projects. The cost of acquiring or improving any project shall be deemed to include the following:
(1) the actual cost of acquiring or improving real estate for any project;
(2) the actual cost of construction of all or any part of a project which may be constructed, including architects' and engineers' fees;
(3) all expenses in connection with the authorization, sale, and issuance of the bonds to finance such acquisition or improvement;
(4) bond reserves and premiums for insurance of lease rentals pledged to pay the bonds; and
(5) the interest on such bonds for a reasonable time prior to construction, during construction, and for not exceeding 6 months after completion of construction.
History: En. Sec. 7, Ch. 51, L. 1965; amd. Sec. 2, Ch. 234, L. 1975; R.C.M. 1947, 11-4107(part).
Structure Montana Code Annotated
Title 90. Planning, Research, and Development
Chapter 5. Secondary Industry and Commercial Development
Part 1. Industrial Development Projects
90-5-102. General municipal and county powers
90-5-103. Limited obligation bonds -- form and contents -- sale -- negotiability -- filing
90-5-105. Provisions for security of bondholders
90-5-106. Determination of costs -- terms of lease
90-5-108. Use of proceeds of bond sales
90-5-110. Taxation of projects
90-5-112. Economic development levy