Municipal Finance Consolidation Act

  1. Law
  2. Montana Code Annotated
  3. State Finance
  4. Public Bond Issues
  5. Municipal Finance Consolidation Act

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Section
17-5-1601

Short title

Section
17-5-1602

Policy and purpose

Section
17-5-1603

Liberal construction

Section
17-5-1604

Definitions

Section
17-5-1605

Board of investments to implement

Section
17-5-1606

Bonds, bond anticipation notes, and notes of the board

Section
17-5-1607

Participation voluntary

Section
17-5-1608

Limitations on amounts

Section
17-5-1609

Purchase of anticipation notes

Section
17-5-1610

Refunding obligations

Section
17-5-1611

Additional powers of the board

Section
17-5-1612

Specific loan authorization

Section
17-5-1613. through 17-5-1620

reserved

Section
17-5-1621

Provisions of bond resolutions

Section
17-5-1622

Validity of pledge

Section
17-5-1623

Nonimpairment by state

Section
17-5-1624

Trust indenture

Section
17-5-1625

Presumption of validity

Section
17-5-1626

Signatures of board members

Section
17-5-1627

Negotiability of bonds or notes

Section
17-5-1628

Bonds or notes as legal investments

Section
17-5-1629

Tax exemption of bonds

Section
17-5-1630

Reserve fund

Section
17-5-1631

Additional funds and accounts

Section
17-5-1632. through 17-5-1640

reserved

Section
17-5-1641

Investment

Section
17-5-1642

Credit of state not pledged

Section
17-5-1643

Sale or exchange of securities

Section
17-5-1644

Care and custody of bonds purchased by the board

Section
17-5-1645

Insurance or guaranty

Section
17-5-1646

Default in payment

Section
17-5-1647

Powers and duties of trustee on default

Section
17-5-1648

Exemption from execution and sale

Section
17-5-1649

Annual audit

Section
17-5-1650

Annual report

Section
17-5-1651

Limitations on board's power