60-11-202. Southern amtrak route account
60-11-202. Southern amtrak route account. (1) There is a southern amtrak route account in the state special revenue fund. Money deposited in the account must be used for an engineering and operating study by amtrak of a rail passenger route across southern Montana. The department of transportation shall administer the account. (2) The department may accept gifts, grants, […]
60-11-1101. Repealed
60-11-1101. Repealed. Sec. 12, Ch. 307, L. 2001. History: En. Sec. 1, Ch. 564, L. 1979.
60-11-1102. Repealed
60-11-1102. Repealed. Sec. 12, Ch. 307, L. 2001. History: En. Sec. 2, Ch. 564, L. 1979; amd. Sec. 1, Ch. 486, L. 1981; amd. Sec. 6, Ch. 512, L. 1991.
60-11-1103. Repealed
60-11-1103. Repealed. Sec. 12, Ch. 307, L. 2001. History: En. Sec. 3, Ch. 564, L. 1979; amd. Sec. 66, Ch. 83, L. 1989.
60-11-114. Purpose
60-11-114. Purpose. (1) Montana’s railroad branch lines provide critical transportation to Montana businesses and communities. These lines are especially important to Montana’s agricultural and wood products industries that rely on railroads to transport Montana products to national and international markets. The branch lines are also critical to efforts to increase or expand businesses that process Montana […]
60-11-115. Revolving loan account — statutory appropriation — rulemaking
60-11-115. Revolving loan account — statutory appropriation — rulemaking. (1) There is a revolving loan account to be administered by the department. Any interest or income that is earned by the account and loan repayments must be deposited into the revolving loan account unless revenue bonds are issued to fund a loan, in which case the […]
60-11-116. Funding for account
60-11-116. Funding for account. Federal funds received for local freight assistance programs under former 49 U.S.C. 1654 in an amount up to $1.1 million must be deposited in the account established in 60-11-115. History: En. Sec. 4, Ch. 602, L. 2005.
60-11-117. Definitions
60-11-117. Definitions. As used in 60-11-117 through 60-11-119, the following definitions apply: (1) ”Board” means the board of investments established in 2-15-1808. (2) ”Bonds” means bonds, notes, or other evidences of indebtedness issued pursuant to 60-11-117 through 60-11-119 as essential freight rail revenue bonds. (3) ”Cost”, as applied to any project, means any cost of any part of the […]
60-11-118. Revenue bond debt service account — deposit of bond proceeds
60-11-118. Revenue bond debt service account — deposit of bond proceeds. (1) There is in the debt service fund an essential freight rail revenue bond debt service account. The state treasurer shall deposit revenue as may be pledged to the payment of particular bonds to the credit of the essential freight rail revenue bond debt service […]
60-11-102. through 60-11-109 reserved
60-11-102 through 60-11-109 reserved.