- (1) There is created a public body corporate designated as the Montana facility finance authority. This authority is constituted a public instrumentality, and its exercise of the powers conferred by Title 90, chapter 7, must be considered and held to be the performance of an essential public function.
- (2) The authority consists of seven members appointed by the governor as prescribed in 2-15-124. The board must be broadly representative of the state, seeking to balance professional expertise and public accountability.
- (3) The board is designated as a quasi-judicial board for the purposes of 2-15-124.
- (4) The board is allocated to the department of commerce for administrative purposes only as provided in 2-15-121. The board has authority over its own personnel as provided in 90-7-203.
History: En. Sec. 1, Ch. 703, L. 1983; amd. Sec. 1, Ch. 137, L. 2001.