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Montana Code Annotated

Part 16

Municipal Finance Consolidation Act

17-5-1601Short title 17-5-1602Policy and purpose 17-5-1603Liberal construction 17-5-1604Definitions 17-5-1605Board of investments to implement 17-5-1606Bonds, bond anticipation notes, and notes of the board 17-5-1607Participation voluntary 17-5-1608Limitations on amounts 17-5-1609Purchase of anticipation notes 17-5-1610Refunding obligations 17-5-1611Additional powers of the board 17-5-1612Specific loan authorization 17-5-1613reserved 17-5-1621Provisions of bond resolutions 17-5-1622Validity of pledge 17-5-1623Nonimpairment by state 17-5-1624Trust indenture 17-5-1625Presumption of validity 17-5-1626Signatures of board members 17-5-1627Negotiability of bonds or notes 17-5-1628Bonds or notes as legal investments 17-5-1629Tax exemption of bonds 17-5-1630Reserve fund 17-5-1631Additional funds and accounts 17-5-1632reserved 17-5-1641Investment 17-5-1642Credit of state not pledged 17-5-1643Sale or exchange of securities 17-5-1644Care and custody of bonds purchased by the board 17-5-1645Insurance or guaranty 17-5-1646Default in payment 17-5-1647Powers and duties of trustee on default 17-5-1648Exemption from execution and sale 17-5-1649Annual audit 17-5-1650Annual report 17-5-1651Limitations on board's power