90-7-201. Authority -- quorum -- mode of action -- expenses. (1) Four members of the authority constitute a quorum for the purpose of conducting business. Action may be taken by the authority upon the affirmative vote of at least four of its members. A vacancy in the membership of the authority does not impair the right of a quorum to exercise all the rights and perform all the duties of the authority.
(2) Each meeting of the authority for any purpose must be open to the public as provided for in Title 2, chapter 3, part 2. Resolutions need not be published or posted.
(3) Each member is entitled to be paid $50 for each day that the member is actually and necessarily engaged in the performance of board duties plus cost of travel, lodging, and meals as provided in 2-18-501 through 2-18-503.
History: En. Sec. 6, Ch. 703, L. 1983; amd. Sec. 1, Ch. 309, L. 1987; amd. Sec. 3, Ch. 479, L. 1997.
Structure Montana Code Annotated
Title 90. Planning, Research, and Development
Chapter 7. Facility Finance Authority
Part 2. Authority Administration, Powers, and Limitations
90-7-201. Authority -- quorum -- mode of action -- expenses
90-7-204. Agent of the authority
90-7-205. through 90-7-210 reserved
90-7-211. Necessary expenses -- fees
90-7-212. Purchase of bonds by authority
90-7-214. Restriction on operating facility -- leases
90-7-215. through 90-7-219 reserved
90-7-220. Montana developmental center loan
90-7-221. Montana state hospital loan
90-7-222. through 90-7-224 reserved
90-7-225. Procedure prior to financing qualified small bond issue projects
90-7-226. Procedure prior to financing prerelease center projects
90-7-228. Additional reserves, funds, and accounts