Montana Code Annotated
Title 17. State Finance

17-1-702. Incurrence of certain general obligations related to Indian tribal governments - 17-1-702. Incurrence of certain general obligations related to Indian tribal...

Chapter 2. Accounting

Part 1. Treasury Funds and Accounts

17-2-101. Title and purpose - 17-2-101. Title and purpose. (1) Sections 17-2-101 through 17-2-107 may...

17-2-102. Fund structure - 17-2-102. Fund structure. For the purpose of ensuring strict accountability...

17-2-103. Previous definitions of funds -- identification or segregation of money and funds - 17-2-103. Previous definitions of funds -- identification or segregation of...

17-2-104. Additional accounts authorized - 17-2-104. Additional accounts authorized. The enumeration of treasury funds in...

17-2-105. Maintenance of fund and account records and interfund loans - 17-2-105. Maintenance of fund and account records and interfund loans....

17-2-106. Creation and abolition of new accounts - 17-2-106. Creation and abolition of new accounts. (1) Moneys deposited...

17-2-107. Accurate accounting records and interentity loans - 17-2-107. Accurate accounting records and interentity loans. (1) The department...

17-2-108. Expenditure of nongeneral fund money first - 17-2-108. Expenditure of nongeneral fund money first. (1) Except for...

17-2-109. Department access to records - 17-2-109. Department access to records. (1) All officers, employees, and...

17-2-110. Fiscal year and financial reports - 17-2-110. Fiscal year and financial reports. (1) Except for the...

17-2-111. Repealed - 17-2-111. Repealed. Sec. 21, Ch. 120, L. 2013. History: En....

17-2-112. through 17-2-120 reserved - 17-2-112 through 17-2-120 reserved.

17-2-121. Repealed - 17-2-121. Repealed. Sec. 52, Ch. 380, L. 2003. History: En....

17-2-122. Repealed - 17-2-122. Repealed. Sec. 9, Ch. 351, L. 1989. History: En....

17-2-123. Repealed - 17-2-123. Repealed. Sec. 9, Ch. 351, L. 1989. History: En....

17-2-124. Disposition of money from certain designated license and other taxes - 17-2-124. Disposition of money from certain designated license and other...

17-2-125. through 17-2-130 reserved - 17-2-125 through 17-2-130 reserved.

17-2-131. Genetic engineering technology research and development account created - 17-2-131. Genetic engineering technology research and development account created. There...

Part 2. Special Accounts

17-2-201. Contingent revolving accounts -- when established - 17-2-201. Contingent revolving accounts -- when established. (1) The department...

17-2-202. Retention of agency money - 17-2-202. Retention of agency money. The department of administration may,...

17-2-203. Repealed - 17-2-203. Repealed. Sec. 7, Ch. 540, L. 1979. History: En....

Part 3. State and Local Charges for Services -- Limit on Fund Balance

17-2-301. Definitions - 17-2-301. Definitions. As used in this part, unless the context...

17-2-302. Limitation on balance in state or local charge for services fund -- exceptions -- audits - 17-2-302. Limitation on balance in state or local charge for...

17-2-303. Reduction of charge required - 17-2-303. Reduction of charge required. A state agency that maintains...

17-2-304. Reports required - 17-2-304. Reports required. (1) (a) The approving authority for a...

Part 4. Full Cost Accounting Act (Terminated)

17-2-401. Terminated - 17-2-401. Terminated. Sec. 10, Ch. 489, L. 2001. History: En....

17-2-402. Terminated - 17-2-402. Terminated. Sec. 10, Ch. 489, L. 2001. History: En....

17-2-403. Terminated - 17-2-403. Terminated. Sec. 10, Ch. 489, L. 2001. History: En....

17-2-404. Terminated - 17-2-404. Terminated. Sec. 10, Ch. 489, L. 2001. History: En....

17-2-405. Terminated - 17-2-405. Terminated. Sec. 10, Ch. 489, L. 2001. History: En....

Chapter 3. Federal Revenues and Endowments

Part 1. Federal Assistance Management

17-3-101. Purpose - 17-3-101. Purpose. The purpose of this part is to provide...

17-3-102. Definitions - 17-3-102. Definitions. As used in this part, the following definitions...

17-3-103. Repealed - 17-3-103. Repealed. Sec. 1, Ch. 176, L. 1979. History: En....

17-3-104. Repealed - 17-3-104. Repealed. Sec. 2, Ch. 109, L. 1993. History: En....

17-3-105. Governor authorized to accept funds -- designation of state agency - 17-3-105. Governor authorized to accept funds -- designation of state...

17-3-106. Fiscal officer for receipt of federal grants - 17-3-106. Fiscal officer for receipt of federal grants. (1) The...

17-3-107. Federal funds for welfare of Indians - 17-3-107. Federal funds for welfare of Indians. If and whenever...

17-3-108. Approved budget amendment - 17-3-108. Approved budget amendment. Financing for new or expanded programs...

17-3-109. Repealed - 17-3-109. Repealed. Sec. 19, Ch. 347, L. 1997. History: En....

17-3-110. Renumbered 17-1-105 - 17-3-110. Renumbered 17-1-105. Sec. 5, Ch. 121, L. 2005.

17-3-111. Renumbered 17-1-106 - 17-3-111. Renumbered 17-1-106. Sec. 5, Ch. 121, L. 2005.

17-3-112. Repealed - 17-3-112. Repealed. Secs. 10(2), 11(2), Ch. 17, L. 2013. History:...

Part 2. Distribution of Federal Return on State Resources

17-3-201. Repealed - 17-3-201. Repealed. Sec. 6, Ch. 20, Sp. L. June 1986....

17-3-202. Special districts -- authority to receive federal funds - 17-3-202. Special districts -- authority to receive federal funds. Federal...

17-3-203. through 17-3-210 reserved - 17-3-203 through 17-3-210 reserved.

17-3-211. Forest reserve money and other federal funds - 17-3-211. Forest reserve money and other federal funds. (1) The...

17-3-212. Apportionment of forest reserve funds and other federal funds among counties - 17-3-212. Apportionment of forest reserve funds and other federal funds...

17-3-213. Allocation of forest reserve funds and other federal funds -- options provided in federal law - 17-3-213. Allocation of forest reserve funds and other federal funds...

17-3-214. Repealed - 17-3-214. Repealed. Sec. 253, Ch. 574, L. 2001. History: En....

17-3-215. through 17-3-220 reserved - 17-3-215 through 17-3-220 reserved.

17-3-221. State treasurer to be custodian of money received under Taylor Grazing Act - 17-3-221. State treasurer to be custodian of money received under...

17-3-222. Apportionment of money to counties - 17-3-222. Apportionment of money to counties. (1) The state treasurer...

17-3-223. through 17-3-230 reserved - 17-3-223 through 17-3-230 reserved.

17-3-231. Flood Control Act -- distribution of revenues to counties - 17-3-231. Flood Control Act -- distribution of revenues to counties....

17-3-232. Deposit and expenditure of funds by counties - 17-3-232. Deposit and expenditure of funds by counties. All moneys...

17-3-233. through 17-3-239 reserved - 17-3-233 through 17-3-239 reserved.

17-3-240. Federal mineral leasing funds - 17-3-240. Federal mineral leasing funds. (1) Except as provided in...

17-3-241. Mineral impact account - 17-3-241. Mineral impact account. There is a mineral impact account....

Part 3. Federal Sums in Lieu of Taxes

17-3-301. Definitions - 17-3-301. Definitions. The following definitions shall be applied to the...

17-3-302. Requests for sums in lieu of taxes and agreements to perform services - 17-3-302. Requests for sums in lieu of taxes and agreements...

17-3-303. Basis for amount of payment - 17-3-303. Basis for amount of payment. The amount of any...

17-3-304. Duplicate of agreement -- filing -- receipt for tax - 17-3-304. Duplicate of agreement -- filing -- receipt for tax....

17-3-305. Disposal of moneys - 17-3-305. Disposal of moneys. All payments of sums in lieu...

Part 10. Endowments

17-3-1001. State institutions which may take by gift, bequest, or grant - 17-3-1001. State institutions which may take by gift, bequest, or...

17-3-1002. Persons who may make gifts to state institutions - 17-3-1002. Persons who may make gifts to state institutions. (1)...

17-3-1003. Support of state institutions - 17-3-1003. Support of state institutions. (1) Except as provided in...

17-3-1004. Disbursement of funds - 17-3-1004. Disbursement of funds. (1) The money received by the...

Chapter 4. Debt Collection

Part 1. Debt Collection Service

17-4-101. Definitions - 17-4-101. Definitions. In this part, the following definitions apply unless...

17-4-102. Accounts of persons indebted to state - 17-4-102. Accounts of persons indebted to state. (1) The department...

17-4-103. Collection of claims by department - 17-4-103. Collection of claims by department. (1) (a) The department...

17-4-104. Circumstances when department shall assist - 17-4-104. Circumstances when department shall assist. Subject to and in...

17-4-105. Authority to collect debt -- offsets - 17-4-105. Authority to collect debt -- offsets. (1) Once a...

17-4-106. Agency owed debt to receive all money collected - 17-4-106. Agency owed debt to receive all money collected. (1)...

17-4-107. Writeoff procedures - 17-4-107. Writeoff procedures. The department may establish procedures for canceling...

17-4-108. Circumstances under which previously written-off debt may be collected - 17-4-108. Circumstances under which previously written-off debt may be collected....

17-4-109. Debts not collectible under this part - 17-4-109. Debts not collectible under this part. This part does...

17-4-110. State agencies to adopt rules - 17-4-110. State agencies to adopt rules. All state agencies shall...

17-4-111. Right of hearing to aggrieved persons - 17-4-111. Right of hearing to aggrieved persons. A person aggrieved...

Chapter 5. Public Bond Issues

Part 1. Rates of Interest -- Notice

17-5-101. Definitions - 17-5-101. Definitions. As used in this part, the following definitions...

17-5-102. Rate of interest on bonds to be determined by governing bodies - 17-5-102. Rate of interest on bonds to be determined by...

17-5-103. Rate of interest on special assessments determined by governing bodies -- limitations - 17-5-103. Rate of interest on special assessments determined by governing...

17-5-104. Effect of revisions on bonds previously authorized - 17-5-104. Effect of revisions on bonds previously authorized. If prior...

17-5-105. Redemption of bonds -- optional method - 17-5-105. Redemption of bonds -- optional method. Between April 23,...

17-5-106. Notice of public bond sale - 17-5-106. Notice of public bond sale. Notwithstanding any other provision...

17-5-107. Public or private sale -- procedure for public sale - 17-5-107. Public or private sale -- procedure for public sale....

17-5-108. through 17-5-110 reserved - 17-5-108 through 17-5-110 reserved.

17-5-111. Electronic submission of bids - 17-5-111. Electronic submission of bids. Any bid for the purchase...

17-5-112. through 17-5-115 reserved - 17-5-112 through 17-5-115 reserved.

17-5-116. Allocation of bonding limits -- American Recovery and Reinvestment Act of 2009 - 17-5-116. Allocation of bonding limits -- American Recovery and Reinvestment...

17-5-117. Tax credit bonds - 17-5-117. Tax credit bonds. (1) As used in this section,...

Part 2. Bond Validating Act

17-5-201. Short title - 17-5-201. Short title. This part may be cited as the...

17-5-202. Definitions - 17-5-202. Definitions. As used in this part, the following definitions...

17-5-203. Validation - 17-5-203. Validation. All bonds issued by any public body and...

17-5-204. Period of application - 17-5-204. Period of application. (1) This part does not apply...

17-5-205. Application - 17-5-205. Application. The application of the Bond Validating Act, Title...

Part 3. Refunding Bonds

17-5-301. Refunding bonds or debentures authorized -- interest rate - 17-5-301. Refunding bonds or debentures authorized -- interest rate. The...

17-5-302. Character of bonds - 17-5-302. Character of bonds. (1) The board of examiners shall...

17-5-303. Application of refunding bond law - 17-5-303. Application of refunding bond law. All of the provisions...

17-5-304. Cost and expense of refunding - 17-5-304. Cost and expense of refunding. The board of examiners...

17-5-305. Sale of bonds and debentures - 17-5-305. Sale of bonds and debentures. The refunding bonds or...

Part 4. Long-Range Building Program Bonds

17-5-401. Repealed - 17-5-401. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-402. Repealed - 17-5-402. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-403. Repealed - 17-5-403. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-404. Repealed - 17-5-404. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-405. Debt service account - 17-5-405. Debt service account. (1) Money in the debt service...

17-5-406. Use of debt service account - 17-5-406. Use of debt service account. The debt service account...

17-5-407. Repealed - 17-5-407. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-408. Repealed - 17-5-408. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-409. Repealed - 17-5-409. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-410. Repealed - 17-5-410. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-411. Repealed - 17-5-411. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-412. Repealed - 17-5-412. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-413. Repealed - 17-5-413. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-414. Repealed - 17-5-414. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-415. Repealed - 17-5-415. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-416. Repealed - 17-5-416. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-417. Repealed - 17-5-417. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-418. through 17-5-420 reserved - 17-5-418 through 17-5-420 reserved.

17-5-421. Repealed - 17-5-421. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-422. Terminated - 17-5-422. Terminated. Sec. 1, Ch. 33, Sp. L. June 1986....

17-5-423. Repealed - 17-5-423. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-424. Repealed - 17-5-424. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-425. Repealed - 17-5-425. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-426. Repealed - 17-5-426. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-427. through 17-5-429 reserved - 17-5-427 through 17-5-429 reserved.

17-5-430. Repealed - 17-5-430. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-431. Repealed - 17-5-431. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-432. Repealed - 17-5-432. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-433. Repealed - 17-5-433. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

Part 5. General Obligation Highway Bonds (Repealed)

17-5-501. Repealed - 17-5-501. Repealed. Sec. 19, Ch. 10, L. 2009. History: En....

17-5-502. Repealed - 17-5-502. Repealed. Sec. 19, Ch. 10, L. 2009. History: En....

17-5-503. Repealed - 17-5-503. Repealed. Sec. 19, Ch. 10, L. 2009. History: En....

17-5-504. Repealed - 17-5-504. Repealed. Sec. 19, Ch. 10, L. 2009. History: En....

17-5-505. Repealed - 17-5-505. Repealed. Sec. 19, Ch. 10, L. 2009. History: En....

17-5-506. Repealed - 17-5-506. Repealed. Sec. 19, Ch. 10, L. 2009. History: En....

17-5-507. Repealed - 17-5-507. Repealed. Sec. 19, Ch. 10, L. 2009. History: En....

Part 6. Employment Security Building Bonds (Repealed)

17-5-601. Repealed - 17-5-601. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-602. Repealed - 17-5-602. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-603. Repealed - 17-5-603. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-604. Repealed - 17-5-604. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-605. Repealed - 17-5-605. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-606. Repealed - 17-5-606. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-607. Repealed - 17-5-607. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-608. Repealed - 17-5-608. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-609. Repealed - 17-5-609. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-610. Repealed - 17-5-610. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-611. Repealed - 17-5-611. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-612. Repealed - 17-5-612. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-613. Repealed - 17-5-613. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-614. Repealed - 17-5-614. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-615. Repealed - 17-5-615. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-616. Repealed - 17-5-616. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-617. Repealed - 17-5-617. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-618. Repealed - 17-5-618. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-619. Repealed - 17-5-619. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

17-5-620. Repealed - 17-5-620. Repealed. Sec. 7, Ch. 374, L. 2005. History: En....

Part 7. Coal Severance Tax Bonds -- Water Development

17-5-701. State of Montana coal severance tax bonds - 17-5-701. State of Montana coal severance tax bonds. This part...

17-5-702. Purpose and intent - 17-5-702. Purpose and intent. (1) The purpose of the coal...

17-5-703. Coal severance tax trust funds - 17-5-703. (Temporary) Coal severance tax trust funds. (1) The trust...

17-5-704. Investment of funds - 17-5-704. Investment of funds. Money in the coal severance tax...

17-5-705. Pledge of coal severance tax bond fund - 17-5-705. Pledge of coal severance tax bond fund. The money...

17-5-706. Authority to issue coal severance tax bonds - 17-5-706. Authority to issue coal severance tax bonds. The board...

17-5-707. Board of examiners to issue bonds - 17-5-707. Board of examiners to issue bonds. The board of...

17-5-708. Special fund revenues - 17-5-708. Special fund revenues. (1) If a law authorizing a...

17-5-709. Continued tax deposit limit on additional bonds - 17-5-709. Continued tax deposit limit on additional bonds. (1) The...

17-5-710. Form -- principal and interest -- fiscal agent -- deposit of proceeds - 17-5-710. Form -- principal and interest -- fiscal agent --...

17-5-711. Trust indenture - 17-5-711. Trust indenture. In the discretion of the board of...

17-5-712. Provisions for protecting bondholders - 17-5-712. Provisions for protecting bondholders. Either the legislative act providing...

17-5-713. Personal liability -- suit to compel performance - 17-5-713. Personal liability -- suit to compel performance. (1) The...

17-5-714. Negotiability of bonds - 17-5-714. Negotiability of bonds. Bonds or notes issued under this...

17-5-715. Signatures of board members - 17-5-715. Signatures of board members. If any member of the...

17-5-716. Refunding obligations - 17-5-716. Refunding obligations. (1) The state board of examiners may...

17-5-717. Pledge of the state - 17-5-717. Pledge of the state. In accordance with the constitutions...

17-5-718. Tax exemption of bonds -- legal investments - 17-5-718. Tax exemption of bonds -- legal investments. (1) All...

17-5-719. Limitation on amount of coal severance tax bonds issued - 17-5-719. Limitation on amount of coal severance tax bonds issued....

17-5-720. Authorization to issue revenue bonds - 17-5-720. Authorization to issue revenue bonds. (1) In addition to...

17-5-721. Authorization to issue revenue bonds - 17-5-721. Authorization to issue revenue bonds. (1) In addition to...

17-5-722. through 17-5-730 reserved - 17-5-722 through 17-5-730 reserved.

17-5-731. Bond anticipation notes -- when issued -- payment of principal and interest - 17-5-731. Bond anticipation notes -- when issued -- payment of...

Part 8. General Obligation Bonds and Notes

17-5-801. Definitions - 17-5-801. Definitions. As used in this part, unless the context...

17-5-802. Authority to authorize and issue general obligation bonds and notes - 17-5-802. Authority to authorize and issue general obligation bonds and...

17-5-803. Form -- principal and interest -- fiscal agent -- bond registrar and transfer agent -- deposit of proceeds - 17-5-803. Form -- principal and interest -- fiscal agent --...

17-5-804. Use of capital projects account - 17-5-804. Use of capital projects account. The capital projects account...

17-5-805. Bond, grant, or revenue anticipation notes -- when issued -- payment of principal and interest - 17-5-805. Bond, grant, or revenue anticipation notes -- when issued...

17-5-806. Repealed - 17-5-806. Repealed. Sec. 3, Ch. 51, L. 1995. History: En....

17-5-807. Limitations on general obligation bonds and bond anticipation notes - 17-5-807. Limitations on general obligation bonds and bond anticipation notes....

17-5-808. through 17-5-819 reserved - 17-5-808 through 17-5-819 reserved.

17-5-820. Repealed - 17-5-820. Repealed. Sec. 26, Ch. 214, L. 2013. History: En....

Part 9. Highway Revenue Bonds

17-5-901. Short title - 17-5-901. Short title. This part may be cited as the...

17-5-902. Purpose - 17-5-902. Purpose. The purpose of this part is to provide...

17-5-903. Definitions - 17-5-903. Definitions. As used in this part, the following definitions...

17-5-904. through 17-5-910 reserved - 17-5-904 through 17-5-910 reserved.

17-5-911. Highway revenue bond debt service account -- deposit of bond proceeds - 17-5-911. Highway revenue bond debt service account -- deposit of...

17-5-912. Pledge of highway revenues - 17-5-912. Pledge of highway revenues. All or any portion of...

17-5-913. Authority to issue highway revenue bonds - 17-5-913. Authority to issue highway revenue bonds. The board may...

17-5-914. Continuation of taxes -- limit on additional highway revenue bonds - 17-5-914. Continuation of taxes -- limit on additional highway revenue...

17-5-915. through 17-5-920 reserved - 17-5-915 through 17-5-920 reserved.

17-5-921. Bond anticipation notes -- issued when -- payment of principal and interest - 17-5-921. Bond anticipation notes -- issued when -- payment of...

17-5-922. Form -- principal and interest -- fiscal agent -- bonds authorized - 17-5-922. Form -- principal and interest -- fiscal agent --...

17-5-923. Trust indenture - 17-5-923. Trust indenture. In the discretion of the board, bonds...

17-5-924. Provisions for protecting bondholders - 17-5-924. Provisions for protecting bondholders. The resolution of the board...

17-5-925. Personal liability -- suit to compel performance - 17-5-925. Personal liability -- suit to compel performance. (1) The...

17-5-926. Negotiability of bonds - 17-5-926. Negotiability of bonds. Bonds issued under this part are...

17-5-927. Signatures of board members - 17-5-927. Signatures of board members. If any member of the...

17-5-928. Refunding obligations - 17-5-928. Refunding obligations. (1) The board may provide for the...

17-5-929. Pledge of the state - 17-5-929. Pledge of the state. In accordance with the constitutions...

17-5-930. Tax exemption of bonds -- legal investments - 17-5-930. Tax exemption of bonds -- legal investments. (1) All...

Part 10. Actions

17-5-1001. Action to restrain bond issues - 17-5-1001. Action to restrain bond issues. (1) No action may...

Part 11. Public Obligations Registration

17-5-1101. Short title - 17-5-1101. Short title. This part may be cited as the...

17-5-1102. Definitions - 17-5-1102. Definitions. As used in this part, the following definitions...

17-5-1103. Declarations of state interest -- purposes - 17-5-1103. Declarations of state interest -- purposes. (1) Sections 103...

17-5-1104. Construction - 17-5-1104. Construction. This part must be construed in conjunction with...

17-5-1105. Applicability -- election -- rescission - 17-5-1105. Applicability -- election -- rescission. (1) Public obligations may...

17-5-1106. Records -- no public inspection -- locations - 17-5-1106. Records -- no public inspection -- locations. (1) With...

17-5-1107. through 17-5-1110 reserved - 17-5-1107 through 17-5-1110 reserved.

17-5-1111. System of registration - 17-5-1111. System of registration. (1) Each issuer is authorized to...

17-5-1112. Certificated public obligation -- execution -- authentication - 17-5-1112. Certificated public obligation -- execution -- authentication. (1) A...

17-5-1113. Certificated public obligation -- signatures - 17-5-1113. Certificated public obligation -- signatures. (1) No certificated public...

17-5-1114. Certificated public obligation -- seal - 17-5-1114. Certificated public obligation -- seal. When a seal is...

17-5-1115. Uncertificated public obligation -- signed statements - 17-5-1115. Uncertificated public obligation -- signed statements. The issuer shall...

17-5-1116. through 17-5-1120 reserved - 17-5-1116 through 17-5-1120 reserved.

17-5-1121. Agents -- depositories - 17-5-1121. Agents -- depositories. (1) An issuer may appoint for...

17-5-1122. Costs -- collection - 17-5-1122. Costs -- collection. (1) An issuer, prior to or...

17-5-1123. Deposits for security - 17-5-1123. Deposits for security. Whenever under any law of this...

Part 12. Allocation of State and Local Private Activity Bonds (Repealed)

17-5-1201. Repealed - 17-5-1201. Repealed. Sec. 15, Ch. 190, L. 1987. History: En....

17-5-1202. Repealed - 17-5-1202. Repealed. Sec. 15, Ch. 190, L. 1987. History: En....

17-5-1203. through 17-5-1210 reserved - 17-5-1203 through 17-5-1210 reserved.

17-5-1211. Repealed - 17-5-1211. Repealed. Sec. 15, Ch. 190, L. 1987. History: En....

17-5-1212. Repealed - 17-5-1212. Repealed. Sec. 15, Ch. 190, L. 1987. History: En....

17-5-1213. Repealed - 17-5-1213. Repealed. Sec. 15, Ch. 190, L. 1987. History: En....

17-5-1214. Repealed - 17-5-1214. Repealed. Sec. 15, Ch. 190, L. 1987. History: En....

17-5-1215. Repealed - 17-5-1215. Repealed. Sec. 15, Ch. 190, L. 1987. History: En....

17-5-1216. Repealed - 17-5-1216. Repealed. Sec. 15, Ch. 190, L. 1987. History: En....

17-5-1217. Repealed - 17-5-1217. Repealed. Sec. 15, Ch. 190, L. 1987. History: En....

17-5-1218. Repealed - 17-5-1218. Repealed. Sec. 15, Ch. 190, L. 1987. History: En....

17-5-1219. Repealed - 17-5-1219. Repealed. Sec. 15, Ch. 190, L. 1987. History: En....

17-5-1220. Repealed - 17-5-1220. Repealed. Sec. 15, Ch. 190, L. 1987. History: En....

Part 13. Montana Unified Volume Cap Bond Allocation Plan Act

17-5-1301. Short title - 17-5-1301. Short title. This part may be cited as "The...

17-5-1302. Definitions - 17-5-1302. Definitions. As used in this part, unless the context...

17-5-1303. through 17-5-1310 reserved - 17-5-1303 through 17-5-1310 reserved.

17-5-1311. State's volume cap and reservations -- department to adopt rule - 17-5-1311. State's volume cap and reservations -- department to adopt...

17-5-1312. Allocation to state issuers - 17-5-1312. Allocation to state issuers. (1) Except as provided in...

17-5-1313. Allocation to local issuers - 17-5-1313. Allocation to local issuers. (1) The local portion must...

17-5-1314. Authorization by the governor - 17-5-1314. Authorization by the governor. The governor may order an...

17-5-1315. Carryforward elections - 17-5-1315. Carryforward elections. (1) Between the first Monday in December...

17-5-1316. Allocations by the department - 17-5-1316. Allocations by the department. (1) The department shall administer...

17-5-1317. Notification of approval or disapproval by the department - 17-5-1317. Notification of approval or disapproval by the department. After...

17-5-1318. Terms of allocations - 17-5-1318. Terms of allocations. (1) Unless terminated earlier by the...

17-5-1319. and 17-5-1320 reserved - 17-5-1319 and 17-5-1320 reserved.

17-5-1321. Allocations not transferable - 17-5-1321. Allocations not transferable. Allocations may not be transferred between...

17-5-1322. Reapplication - 17-5-1322. Reapplication. (1) If the department disapproves an application for...

17-5-1323. Recordkeeping - 17-5-1323. Recordkeeping. The department shall maintain complete records of all...

17-5-1324. reserved - 17-5-1324 reserved.

17-5-1325. Reassignment of bonding authority for agricultural purposes -- contingency - 17-5-1325. Reassignment of bonding authority for agricultural purposes -- contingency....

Part 15. Economic Development Bonds

17-5-1501. Short title - 17-5-1501. Short title. This part shall be known and may...

17-5-1502. Legislative declaration - 17-5-1502. Legislative declaration. (1) It is the policy of the...

17-5-1503. Definitions - 17-5-1503. Definitions. As used in this part, unless the context...

17-5-1504. Powers of the board - 17-5-1504. Powers of the board. The board may: (1) sue...

17-5-1505. Financing programs of the board - 17-5-1505. Financing programs of the board. (1) The board may:...

17-5-1506. Bonds and notes for projects and major projects - 17-5-1506. Bonds and notes for projects and major projects. (1)...

17-5-1507. Bond anticipation notes -- issuance -- payment of principal and interest - 17-5-1507. Bond anticipation notes -- issuance -- payment of principal...

17-5-1508. Provisions of bond resolutions - 17-5-1508. Provisions of bond resolutions. A resolution authorizing notes or...

17-5-1509. Personal liability - 17-5-1509. Personal liability. The board and employees of the department...

17-5-1510. Purchase of notes and bonds -- cancellation - 17-5-1510. Purchase of notes and bonds -- cancellation. The board...

17-5-1511. Trust indenture - 17-5-1511. Trust indenture. (1) In the discretion of the board,...

17-5-1512. Negotiability of bonds - 17-5-1512. Negotiability of bonds. Notes and bonds issued by the...

17-5-1513. Signatures of board members - 17-5-1513. Signatures of board members. If board members whose signatures...

17-5-1514. Accounts - 17-5-1514. Accounts. The board may create funds and accounts necessary...

17-5-1515. Reserve funds and appropriations - 17-5-1515. Reserve funds and appropriations. (1) The board may establish...

17-5-1516. Maintenance of capital reserve account - 17-5-1516. Maintenance of capital reserve account. (1) In order to...

17-5-1517. Refunding obligations - 17-5-1517. Refunding obligations. The board may provide for the issuance...

17-5-1518. Tax exemption of bonds - 17-5-1518. Tax exemption of bonds. Bonds, notes, or other obligations...

17-5-1519. Repealed - 17-5-1519. Repealed. Sec. 19, Ch. 589, L. 1991. History: En....

17-5-1520. Repealed - 17-5-1520. Repealed. Sec. 19, Ch. 589, L. 1991. History: En....

17-5-1521. Adoption of rules - 17-5-1521. Adoption of rules. (1) The board shall adopt rules...

17-5-1522. Pledge of the state - 17-5-1522. Pledge of the state. In accordance with the constitutions...

17-5-1523. Credit of state not pledged - 17-5-1523. Credit of state not pledged. Obligations issued under the...

17-5-1524. Taxation of projects - 17-5-1524. Taxation of projects. (1) Notwithstanding the fact that title...

17-5-1525. Bonds as legal investment - 17-5-1525. Bonds as legal investment. (1) Bonds issued by the...

17-5-1526. Procedure prior to financing projects - 17-5-1526. Procedure prior to financing projects. (1) The board may...

17-5-1527. Procedure prior to financing major projects - 17-5-1527. Procedure prior to financing major projects. (1) The board...

17-5-1528. Validity of pledge - 17-5-1528. Validity of pledge. Any pledge made by the board...

17-5-1529. Annual audits - 17-5-1529. Annual audits. The board's books and records related to...

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...

Part 20. Procurement of Vehicles and Equipment

17-5-2001. Loans to state agencies - 17-5-2001. Loans to state agencies. (1) An agency responsible for...

Part 21. Crossover Refunding Bonds

17-5-2101. Definitions - 17-5-2101. Definitions. As used in this part, the following definitions...

17-5-2102. Crossover refunding bonds authorized - 17-5-2102. Crossover refunding bonds authorized. (1) A public body authorized...

Part 22. Bond Fees

17-5-2201. Fee for issuance of bonds - 17-5-2201. Fee for issuance of bonds. Except for issuers of...

Chapter 6. Deposits and Investments

Part 1. Deposits

17-6-101. Deposit of funds in hands of state treasurer - 17-6-101. Deposit of funds in hands of state treasurer. (1)...

17-6-102. Insurance on deposits - 17-6-102. Insurance on deposits. (1) Deposits in excess of the...

17-6-103. Security for deposits of public funds - 17-6-103. Security for deposits of public funds. The following kinds...

17-6-104. Interest on deposits -- conformity with federal law - 17-6-104. Interest on deposits -- conformity with federal law. (1)...

17-6-105. State treasurer as treasurer of state agencies -- deposits of money - 17-6-105. State treasurer as treasurer of state agencies -- deposits...

Part 2. Investments

17-6-201. Unified investment program -- general provisions - 17-6-201. Unified investment program -- general provisions. (1) The unified...

17-6-202. Investment funds -- general provisions - 17-6-202. Investment funds -- general provisions. (1) For each treasury...

17-6-203. Separate investment funds - 17-6-203. Separate investment funds. Separate investment funds must be maintained...

17-6-204. Short-term investment of local government funds - 17-6-204. Short-term investment of local government funds. (1) The governing...

17-6-205. Long-term investment of local government funds - 17-6-205. Long-term investment of local government funds. (1) The governing...

17-6-206. reserved - 17-6-206 reserved.

17-6-207. Investment of state cabin site sales - 17-6-207. Investment of state cabin site sales. The board of...

17-6-208. through 17-6-210 reserved - 17-6-208 through 17-6-210 reserved.

17-6-211. Preference to in-state investment firms -- commitment agreement with board of housing - 17-6-211. Preference to in-state investment firms -- commitment agreement with...

17-6-212. State purchase of general fund warrants - 17-6-212. State purchase of general fund warrants. (1) The state...

17-6-213. Redemption of bonds before maturity - 17-6-213. Redemption of bonds before maturity. (1) The board of...

17-6-214. through 17-6-220 reserved - 17-6-214 through 17-6-220 reserved.

17-6-221. Handling securities -- custody of mortgages and repurchase agreements - 17-6-221. Handling securities -- custody of mortgages and repurchase agreements....

17-6-222. Repealed - 17-6-222. Repealed. Sec. 1, Ch. 304, L. 1979. History: En....

17-6-223. and 17-6-224 reserved - 17-6-223 and 17-6-224 reserved.

17-6-225. Loans to petroleum tank release compensation board - 17-6-225. Loans to petroleum tank release compensation board. (1) The...

17-6-226. through 16-6-229 reserved - 17-6-226 through 16-6-229 reserved.

17-6-230. Reports on retirement system trust fund investments and benefits - 17-6-230. Reports on retirement system trust fund investments and benefits....

Part 3. Montana In-State Investment

17-6-301. Short title - 17-6-301. Short title. This part may be cited as the...

17-6-302. Definitions - 17-6-302. Definitions. As used in this part, unless the context...

17-6-303. Purpose of the coal tax trust fund - 17-6-303. Purpose of the coal tax trust fund. The people...

17-6-304. Use of the coal tax trust fund for economic development - 17-6-304. Use of the coal tax trust fund for economic...

17-6-305. Investment of coal tax trust fund in Montana economy -- report by board - 17-6-305. Investment of coal tax trust fund in Montana economy...

17-6-306. Repealed - 17-6-306. Repealed. Sec. 19, Ch. 589, L. 1991. History: En....

17-6-307. Repealed - 17-6-307. Repealed. Sec. 18, Ch. 581, L. 1987. History: En....

17-6-308. Authorized investments - 17-6-308. Authorized investments. (1) Except as provided in subsections (2)...

17-6-309. Investment preferences - 17-6-309. Investment preferences. (1) Subject to the provisions of subsection...

17-6-310. Repealed - 17-6-310. Repealed. Sec. 3, Ch. 46, L. 1993. History: (1)En....

17-6-311. Limitation on size of investments - 17-6-311. Limitation on size of investments. (1) Except as provided...

17-6-312. State participation in loans - 17-6-312. State participation in loans. (1) Subject to 17-6-311, state...

17-6-313. Prior commitment of funds - 17-6-313. Prior commitment of funds. The board may authorize the...

17-6-314. Rate of return - 17-6-314. Rate of return. Except as provided in 17-6-317, in...

17-6-315. Repealed - 17-6-315. Repealed. Sec. 19, Ch. 589, L. 1991. History: En....

17-6-316. Economic development loan -- infrastructure tax credit - 17-6-316. Economic development loan -- infrastructure tax credit. (1) A...

17-6-317. Participation by private financial institutions -- rulemaking - 17-6-317. Participation by private financial institutions -- rulemaking. (1) (a)...

17-6-318. Job credit interest rate reduction for business loan participation - 17-6-318. Job credit interest rate reduction for business loan participation....

17-6-319. Incentive to financial institution for small business loan participation - 17-6-319. Incentive to financial institution for small business loan participation....

17-6-320. Loan recipients -- notice - 17-6-320. Loan recipients -- notice. (1) If an owner of...

17-6-321. Audits - 17-6-321. Audits. The board's books and records related to in-state...

17-6-322. Report - 17-6-322. Report. The board shall include in its annual report...

17-6-323. Repealed - 17-6-323. Repealed. Sec. 3, Ch. 94, L. 1989. History: En....

17-6-324. Rulemaking authority - 17-6-324. Rulemaking authority. (1) The board may adopt rules to...

17-6-325. Preference of Montana labor - 17-6-325. Preference of Montana labor. Any contract to construct a...

17-6-326. through 17-6-330 reserved - 17-6-326 through 17-6-330 reserved.

17-6-331. Establishment of a Montana economic development fund - 17-6-331. Establishment of a Montana economic development fund. A Montana...

17-6-332. through 17-6-339 reserved - 17-6-332 through 17-6-339 reserved.

17-6-340. Repealed - 17-6-340. Repealed. Sec. 10, Ch. 17, L. 2013. History: En....

17-6-341. through 17-6-344 reserved - 17-6-341 through 17-6-344 reserved.

17-6-345. Intermediary relending program - 17-6-345. Intermediary relending program. (1) The board may set aside...

17-6-346. Interest rates and repayment of intermediary loan -- terms - 17-6-346. Interest rates and repayment of intermediary loan -- terms....

17-6-347. Purchase of seasoned or mature loans by board - 17-6-347. Purchase of seasoned or mature loans by board. The...

Part 4. Microbusiness Development Act

17-6-401. Short title - 17-6-401. Short title. This part may be cited as the...

17-6-402. Legislative findings and purpose - 17-6-402. Legislative findings and purpose. (1) The legislature finds and...

17-6-403. Definitions - 17-6-403. Definitions. As used in this part, the following definitions...

17-6-404. and 17-6-405 reserved - 17-6-404 and 17-6-405 reserved.

17-6-406. Microbusiness finance program -- powers and duties of department - 17-6-406. Microbusiness finance program -- powers and duties of department....

17-6-407. Microbusiness development loan account and finance program administrative account -- criteria -- limitations - 17-6-407. Microbusiness development loan account and finance program administrative account...

17-6-408. Certification of microbusiness development corporations - 17-6-408. Certification of microbusiness development corporations. The department may certify:...

17-6-409. Authority to accept funds -- funding authorization - 17-6-409. Authority to accept funds -- funding authorization. (1) The...

17-6-410. reserved - 17-6-410 reserved.

17-6-411. Repealed - 17-6-411. Repealed. Sec. 6, Ch. 351, L. 2003. History: En....

Part 5. Job Investment Act (Repealed)

17-6-501. Repealed - 17-6-501. Repealed. Sec. 12, Ch. 307, L. 2001. History: En....

17-6-502. Repealed - 17-6-502. Repealed. Sec. 12, Ch. 307, L. 2001. History: En....

17-6-503. Repealed - 17-6-503. Repealed. Sec. 12, Ch. 307, L. 2001. History: En....

17-6-504. Repealed - 17-6-504. Repealed. Sec. 12, Ch. 307, L. 2001. History: En....

17-6-505. Repealed - 17-6-505. Repealed. Sec. 12, Ch. 307, L. 2001. History: En....

17-6-506. through 17-6-508 reserved - 17-6-506 through 17-6-508 reserved.

17-6-509. Repealed - 17-6-509. Repealed. Sec. 12, Ch. 307, L. 2001. History: En....

17-6-510. Repealed - 17-6-510. Repealed. Sec. 12, Ch. 307, L. 2001. History: En....

17-6-511. Repealed - 17-6-511. Repealed. Sec. 12, Ch. 307, L. 2001. History: En....

17-6-512. Repealed - 17-6-512. Repealed. Sec. 12, Ch. 307, L. 2001. History: En....

Part 6. Montana Tobacco Settlement Trust Fund

17-6-601. Establishment -- purpose - 17-6-601. Establishment -- purpose. A Montana tobacco settlement trust fund,...

17-6-602. Definitions - 17-6-602. Definitions. As used in this part, the following definitions...

17-6-603. Montana tobacco settlement trust fund -- state special revenue fund account - 17-6-603. Montana tobacco settlement trust fund -- state special revenue...

17-6-604. and 17-6-605 reserved - 17-6-604 and 17-6-605 reserved.

17-6-606. Tobacco settlement accounts -- purpose -- uses - 17-6-606. Tobacco settlement accounts -- purpose -- uses. (1) The...

17-6-607. through 17-6-609 reserved - 17-6-607 through 17-6-609 reserved.

17-6-610. Tobacco prevention advisory board - 17-6-610. Tobacco prevention advisory board. (1) There is a tobacco...

Part 7. Montana In-State Investment in Electrical Generation Facilities (Void)

17-6-701. Void - 17-6-701. Void. I.R. No. 117, Nov. 5, 2002. History: En....

17-6-702. Void - 17-6-702. Void. I.R. No. 117, Nov. 5, 2002. History: En....

17-6-703. Void - 17-6-703. Void. I.R. No. 117, Nov. 5, 2002. History: En....

17-6-704. Void - 17-6-704. Void. I.R. No. 117, Nov. 5, 2002. History: En....

17-6-705. Void - 17-6-705. Void. I.R. No. 117, Nov. 5, 2002. History: En....

Chapter 7. Budgeting and Appropriations

Part 1. Budget Systems and Program Plans

17-7-101. Short title - 17-7-101. Short title. This part shall be known and may...

17-7-102. Definitions - 17-7-102. (Temporary) Definitions. As used in this chapter, the following...

17-7-103. Governor chief budget officer -- appointment of budget director - 17-7-103. Governor chief budget officer -- appointment of budget director....

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Montana Code Annotated Title 17. State Finance

Montana Code Annotated
Title 17. State Finance