Montana § 7-10-207 Nature Of Revenue Bonds

Montana Statutes

§ 7-10-207 — Nature Of Revenue Bonds

Montana § 7-10-207

Title 7LOCAL GOVERNMENT

Ch. 10REGIONAL RESOURCE AUTHORITIES

Part 2Project -- Funding

This text of Montana § 7-10-207 (Nature Of Revenue Bonds) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 7-10-207 (2026).

Text

7-10-207 . Nature of revenue bonds.

(1)The holder or holders of any bonds issued under this part does not have the right to compel any exercise of taxing power of the regional resource authority to pay the revenue bonds or the interest on the bonds.

(2)Each bond issued under this part must recite in substance that:

(a)the bond, including interest on the bond, is payable from the revenue pledged to the payment of the bond; and

(b)the bond does not constitute a debt of the regional resource authority within the meaning of any constitutional or statutory limitation or provision.

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7-10-207 . Nature of revenue bonds. (1) The holder or holders of any bonds issued under this part does not have the right to compel any exercise of taxing power of the regional resource authority to pay the revenue bonds or the interest on the bonds.
(2) Each bond issued under this part must recite in substance that:
(a) the bond, including interest on the bond, is payable from the revenue pledged to the payment of the bond; and
(b) the bond does not constitute a debt of the regional resource authority within the meaning of any constitutional or statutory limitation or provision.