17-5-1601. Short title
17-5-1601. Short title. This part shall be known and may be cited as the “Municipal Finance Consolidation Act of 1983”. History: En. Sec. 1, Ch. 620, L. 1983.
17-5-1602. Policy and purpose
17-5-1602. Policy and purpose. (1) It is the policy of the state of Montana to: (a) foster and promote, by all reasonable means, the provision of efficient capital markets and facilities for borrowing money by eligible government units to pay for capital improvements and other needs as otherwise authorized by law; and (b) reduce, to the extent possible, […]
17-5-1603. Liberal construction
17-5-1603. Liberal construction. This part and the powers granted in this part must be liberally construed to effectuate the policies and purposes stated in this part. History: En. Sec. 3, Ch. 620, L. 1983.
17-5-1604. Definitions
17-5-1604. Definitions. As used in this part, the following definitions apply: (1) ”Board” means the board of investments created in 2-15-1808. (2) ”Department” means the department of commerce created in 2-15-1801. (3) ”Eligible government unit” means: (a) any municipal corporation or political subdivision of the state, including without limitation any city, town, county, school district, authority as defined in 75-6-304, […]
17-5-1605. Board of investments to implement
17-5-1605. Board of investments to implement. The board of investments may make and enforce orders, rules, and bylaws that are necessary or desirable for the implementation of this part. History: En. Sec. 5, Ch. 620, L. 1983; amd. Sec. 35, Ch. 620, L. 1983; amd. Sec. 10, Ch. 581, L. 1987.
17-5-1606. Bonds, bond anticipation notes, and notes of the board
17-5-1606. Bonds, bond anticipation notes, and notes of the board. (1) The board may by resolution, from time to time, issue negotiable notes and bonds to finance loans or refinance its loans to eligible government units and its purchases of eligible government unit bonds, registered warrants, and tax or revenue anticipation notes and other notes, to […]