Montana Statutes

§ 7-13-3038 — Limitation On Repayment Of Loan To Reserve Fund

Montana·Title 7 LOCAL GOVERNMENT·Ch. 13 UTILITY SERVICES·Part 30 Consolidated Local Government Water Supply and Sewer Districts
7-13-3038 . Limitation on repayment of loan to reserve fund. Nothing in 7-13-3034 through 7-13-3039 permits the repayment of a loan to the reserve fund at any time unless all interest accrued on the bonds has been fully paid and all principal agreed to be paid in accordance with the redemption schedule as may be provided in the resolution or resolutions authorizing the bonds has been paid.

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Montana § 7-13-3038 (Limitation On Repayment Of Loan To Reserve Fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

En. Sec. 32, Ch. 282, L. 1991.

Nearby Sections

15
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