Montana Code Annotated
Title 17. State Finance
Chapter 5. Public Bond Issues

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 Repealed - 17-5-401. Repealed.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...

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Montana Code Annotated Title 17. State Finance Chapter 5. Public Bond Issues

Montana Code Annotated
Title 17. State Finance
Chapter 5. Public Bond Issues