Montana Code Annotated
Chapter 5. Public Bond Issues
Part 16. Municipal Finance Consolidation Act

17-5-1601. Short title - 17-5-1601. Short title. This part shall be known and may...

17-5-1602. Policy and purpose - 17-5-1602. Policy and purpose. (1) It is the policy of...

17-5-1603. Liberal construction - 17-5-1603. Liberal construction. This part and the powers granted in...

17-5-1604. Definitions - 17-5-1604. Definitions. As used in this part, the following definitions...

17-5-1605. Board of investments to implement - 17-5-1605. Board of investments to implement. The board of investments...

17-5-1606. Bonds, bond anticipation notes, and notes of the board - 17-5-1606. Bonds, bond anticipation notes, and notes of the board....

17-5-1607. Participation voluntary - 17-5-1607. Participation voluntary. Use of the financing mechanism created by...

17-5-1608. Limitations on amounts - 17-5-1608. Limitations on amounts. The board may not issue any...

17-5-1609. Purchase of anticipation notes - 17-5-1609. Purchase of anticipation notes. Notwithstanding any other provision of...

17-5-1610. Refunding obligations - 17-5-1610. Refunding obligations. (1) The board may provide for the...

17-5-1611. Additional powers of the board - 17-5-1611. Additional powers of the board. In addition to all...

17-5-1612. Specific loan authorization - 17-5-1612. Specific loan authorization. The legislature intends that individual state...

17-5-1613. through 17-5-1620 reserved - 17-5-1613 through 17-5-1620 reserved.

17-5-1621. Provisions of bond resolutions - 17-5-1621. Provisions of bond resolutions. A resolution authorizing notes or...

17-5-1622. Validity of pledge - 17-5-1622. Validity of pledge. A pledge by the board is...

17-5-1623. Nonimpairment by state - 17-5-1623. Nonimpairment by state. In accordance with the constitutions of...

17-5-1624. Trust indenture - 17-5-1624. Trust indenture. (1) In the discretion of the board,...

17-5-1625. Presumption of validity - 17-5-1625. Presumption of validity. After issuance, all bonds or notes...

17-5-1626. Signatures of board members - 17-5-1626. Signatures of board members. If any of the board...

17-5-1627. Negotiability of bonds or notes - 17-5-1627. Negotiability of bonds or notes. Notwithstanding any other provisions...

17-5-1628. Bonds or notes as legal investments - 17-5-1628. Bonds or notes as legal investments. Notwithstanding the restrictions...

17-5-1629. Tax exemption of bonds - 17-5-1629. Tax exemption of bonds. Bonds, notes, or other obligations...

17-5-1630. Reserve fund - 17-5-1630. Reserve fund. (1) The board shall establish and maintain...

17-5-1631. Additional funds and accounts - 17-5-1631. Additional funds and accounts. The board may in its...

17-5-1632. through 17-5-1640 reserved - 17-5-1632 through 17-5-1640 reserved.

17-5-1641. Investment - 17-5-1641. Investment. (1) Unless otherwise required by a resolution or...

17-5-1642. Credit of state not pledged - 17-5-1642. Credit of state not pledged. Obligations issued under the...

17-5-1643. Sale or exchange of securities - 17-5-1643. Sale or exchange of securities. (1) Notwithstanding any law...

17-5-1644. Care and custody of bonds purchased by the board - 17-5-1644. Care and custody of bonds purchased by the board....

17-5-1645. Insurance or guaranty - 17-5-1645. Insurance or guaranty. The board may obtain, from a...

17-5-1646. Default in payment - 17-5-1646. Default in payment. If the board or eligible government...

17-5-1647. Powers and duties of trustee on default - 17-5-1647. Powers and duties of trustee on default. (1) A...

17-5-1648. Exemption from execution and sale - 17-5-1648. Exemption from execution and sale. All property of the...

17-5-1649. Annual audit - 17-5-1649. Annual audit. The board's books and records must be...

17-5-1650. Annual report - 17-5-1650. Annual report. (1) By December 31 of each year,...

17-5-1651. Limitations on board's power - 17-5-1651. Limitations on board's power. Under this part, the board...