Montana § 7-14-4635 Authority To Establish Lien On Charges For Payment Of Bonds

Montana Statutes

§ 7-14-4635 — Authority To Establish Lien On Charges For Payment Of Bonds

Montana § 7-14-4635

Title 7LOCAL GOVERNMENT

Ch. 14TRANSPORTATION

Part 46Parking Commissions

This text of Montana § 7-14-4635 (Authority To Establish Lien On Charges For Payment Of 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. § 7-14-4635 (2026).

Text

7-14-4635 . Authority to establish lien on charges for payment of bonds. The commission may provide that bond redemption and the interest payment shall constitute a first, direct, and exclusive charge and lien on all such fees, charges, and other revenues and interest thereon and sinking funds created therefrom received from the use and operation of the project for the acquisition, construction, or completion of which such revenue bonds were issued. All such fees and charges and other revenues, together with the interest thereon, shall constitute a trust fund for the security and payment of such bonds and shall not be used or pledged for any other purpose so long as such bonds (or any of them) are outstanding and unpaid.

Free access — add to your briefcase to read the full text and ask questions with AI

7-14-4635 . Authority to establish lien on charges for payment of bonds. The commission may provide that bond redemption and the interest payment shall constitute a first, direct, and exclusive charge and lien on all such fees, charges, and other revenues and interest thereon and sinking funds created therefrom received from the use and operation of the project for the acquisition, construction, or completion of which such revenue bonds were issued. All such fees and charges and other revenues, together with the interest thereon, shall constitute a trust fund for the security and payment of such bonds and shall not be used or pledged for any other purpose so long as such bonds (or any of them) are outstanding and unpaid.