90-7-204. Agent of the authority. The authority may designate a participating institution as its agent for determining the location and character of an eligible facility undertaken by that institution under the provisions of this chapter. As agent, the institution may acquire, construct, reconstruct, renovate, replace, improve, maintain, repair, operate, lease, as lessee or lessor, and enter into contracts for any and all such purposes, including contracts for the management and operation of the facility.
History: En. Sec. 11, Ch. 703, L. 1983; amd. Sec. 6, Ch. 477, 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