Montana § 80-12-103 Agricultural Loan Authority -- General Powers

Montana Statutes

§ 80-12-103 — Agricultural Loan Authority -- General Powers

Montana § 80-12-103

Title 80AGRICULTURE

Ch. 12MONTANA AGRICULTURAL LOAN AUTHORITY ACT

Part 1General

This text of Montana § 80-12-103 (Agricultural Loan Authority -- General Powers) 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. § 80-12-103 (2026).

Text

80-12-103 . Agricultural loan authority -- general powers. The authority may:

(1)retain professional consultants and advisers;

(2)adopt rules governing its procedures;

(3)purchase agricultural loans made by financial institutions;

(4)issue bonds, in accordance with 80-12-301 , necessary to provide funds for implementing this chapter;

(5)invest any funds generated by sale of bonds in the permissible investments outlined in 17-6-211 until such time as the funds are needed for any of the authority's other functions;

(6)procure insurance or guaranties in amounts and in the form the authority considers desirable or necessary, from any party, including a governmental agency, against any loss in connection with its loan agreements; and

(7)use the assistance and services of the farmers home

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80-12-103 . Agricultural loan authority -- general powers. The authority may:
(1) retain professional consultants and advisers;
(2) adopt rules governing its procedures;
(3) purchase agricultural loans made by financial institutions;
(4) issue bonds, in accordance with 80-12-301 , necessary to provide funds for implementing this chapter;
(5) invest any funds generated by sale of bonds in the permissible investments outlined in 17-6-211 until such time as the funds are needed for any of the authority's other functions;
(6) procure insurance or guaranties in amounts and in the form the authority considers desirable or necessary, from any party, including a governmental agency, against any loss in connection with its loan agreements; and
(7) use the assistance and services of the farmers home administration, the production credit association, the federal land bank, or private lenders in approving loans for issuance of bonds.