Montana § 7-14-4652 Details Relating To Sale Of Revenue Bonds

Montana Statutes

§ 7-14-4652 — Details Relating To Sale Of Revenue Bonds

Montana § 7-14-4652

Title 7LOCAL GOVERNMENT

Ch. 14TRANSPORTATION

Part 46Parking Commissions

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Bluebook

Mont. Code Ann. § 7-14-4652 (2026).

Text

7-14-4652 . Details relating to sale of revenue bonds.

(1)The commission may fix terms and conditions for the public or private sale or other disposition of any authorized issue of bonds. The commission may sell bonds at a price not less than 97% of par or face value.

(2)Interest on bonds may be paid out of the proceeds of the sale of the bonds during the actual construction of any project for the acquisition, construction, or completion of which the bonds have been issued and for a period of not to exceed 2 years thereafter, as provided for in the indenture.

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7-14-4652 . Details relating to sale of revenue bonds. (1) The commission may fix terms and conditions for the public or private sale or other disposition of any authorized issue of bonds. The commission may sell bonds at a price not less than 97% of par or face value.
(2) Interest on bonds may be paid out of the proceeds of the sale of the bonds during the actual construction of any project for the acquisition, construction, or completion of which the bonds have been issued and for a period of not to exceed 2 years thereafter, as provided for in the indenture.