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Home » US Law » 2022 Montana Code Annotated » Title 17. State Finance » Chapter 5. Public Bond Issues » Part 8. General Obligation Bonds and Notes

17-5-801. Definitions

17-5-801. Definitions. As used in this part, unless the context requires otherwise, the following definitions apply: (1) ”Board” means the board of examiners provided for in 2-15-1007. (2) ”Bond act” means an act approved by the vote of two-thirds of the members of each house of the legislature or by a majority of the electors voting thereon, authorizing […]

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 notes. (1) When authorized by and within the limits of a bond act and as provided in this part, the board may issue and sell bonds of the state in the manner that it considers necessary and proper to provide funds for the purpose set forth […]

17-5-804. Use of capital projects account

17-5-804. Use of capital projects account. The capital projects account must be segregated by the treasurer from all other money in that or any other account in the state treasury and used only to pay costs of the projects for which bonds were issued, in accordance with the respective bond accounts. The department may transfer all […]

17-5-806. Repealed

17-5-806. Repealed. Sec. 3, Ch. 51, L. 1995. History: En. Sec. 6, Ch. 184, L. 1983.

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

17-5-807. Limitations on general obligation bonds and bond anticipation notes. (1) Bonds and bond anticipation notes may not be issued for information technology acquisitions, including hardware or software, for a period longer than the estimated useful life of the asset. (2) The chief information officer, as defined in 2-17-506, shall estimate the useful life of the asset […]

17-5-820. Repealed

17-5-820. Repealed. Sec. 26, Ch. 214, L. 2013. History: En. Sec. 5, Ch. 269, L. 1999; amd. Sec. 1, Ch. 6, Sp. L. May 2000; amd. Sec. 1, Ch. 589, L. 2001; amd. Sec. 1, Ch. 295, L. 2003; amd. Sec. 1, Ch. 590, L. 2005; amd. Sec. 1, Ch. 376, L. 2009; amd. Sec. 17, Ch. […]