Disposition of sale proceeds

  1. Law
  2. Montana Code Annotated
  3. Local Government
  4. Debt Management
  5. Municipal General Obligation Bonds
  6. Disposition of sale proceeds

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7-7-4260. Disposition of sale proceeds. All money arising from the sale of the bonds shall be paid to the city treasurer or town clerk and shall be immediately available for the purpose for which the bonds were issued and for no other purpose.

History: En. Sec. 19, Ch. 160, L. 1931; re-en. Sec. 5278.19, R.C.M. 1935; amd. Sec. 2, Ch. 326, L. 1974; R.C.M. 1947, 11-2319(part).


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