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  2. U.S. State Codes
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  4. Montana
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  6. Title 17. State Finance
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  8. Chapter 5. Public Bond Issues
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  10. Part 16. Municipal Finance Consolidation Act


Part 16. Municipal Finance Consolidation Act


  • 17-5-1601. Short title
  • 17-5-1602. Policy and purpose
  • 17-5-1603. Liberal construction
  • 17-5-1604. Definitions
  • 17-5-1605. Board of investments to implement
  • 17-5-1606. Bonds, bond anticipation notes, and notes of the board
  • 17-5-1607. Participation voluntary
  • 17-5-1608. Limitations on amounts
  • 17-5-1609. Purchase of anticipation notes
  • 17-5-1610. Refunding obligations
  • 17-5-1611. Additional powers of the board
  • 17-5-1612. Specific loan authorization
  • 17-5-1613. through 17-5-1620 reserved
  • 17-5-1621. Provisions of bond resolutions
  • 17-5-1622. Validity of pledge
  • 17-5-1623. Nonimpairment by state
  • 17-5-1624. Trust indenture
  • 17-5-1625. Presumption of validity
  • 17-5-1626. Signatures of board members
  • 17-5-1627. Negotiability of bonds or notes
  • 17-5-1628. Bonds or notes as legal investments
  • 17-5-1629. Tax exemption of bonds
  • 17-5-1630. Reserve fund
  • 17-5-1631. Additional funds and accounts
  • 17-5-1632. through 17-5-1640 reserved
  • 17-5-1641. Investment
  • 17-5-1642. Credit of state not pledged
  • 17-5-1643. Sale or exchange of securities
  • 17-5-1644. Care and custody of bonds purchased by the board
  • 17-5-1645. Insurance or guaranty
  • 17-5-1646. Default in payment
  • 17-5-1647. Powers and duties of trustee on default
  • 17-5-1648. Exemption from execution and sale
  • 17-5-1649. Annual audit
  • 17-5-1650. Annual report
  • 17-5-1651. Limitations on board's power
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