Montana § 20-15-301 Sources Of Financing For And Types Of Capital Expenditures

Montana Statutes

§ 20-15-301 — Sources Of Financing For And Types Of Capital Expenditures

Montana § 20-15-301

Title 20EDUCATION

Ch. 15COMMUNITY COLLEGE DISTRICTS

Part 3Finance

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Bluebook

Mont. Code Ann. § 20-15-301 (2026).

Text

20-15-301 . Sources of financing for and types of capital expenditures.

(1)The board of trustees of a community college district may:

(a)purchase, lease, build, enlarge, alter, or repair school buildings and dormitories;

(b)furnish and equip buildings;

(c)purchase sites for buildings; and

(d)issue, refund, sell, budget, and redeem the bonds of the district in accordance with the provisions of 20-15-327 and chapter 9, part 4, of this title.

(2)The board of trustees of a community college district may borrow money for the purposes of 20-15-327 and this section and repay the obligations from the various revenues of the college as described in 20-15-327 .

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20-15-301 . Sources of financing for and types of capital expenditures. (1) The board of trustees of a community college district may:
(a) purchase, lease, build, enlarge, alter, or repair school buildings and dormitories;
(b) furnish and equip buildings;
(c) purchase sites for buildings; and
(d) issue, refund, sell, budget, and redeem the bonds of the district in accordance with the provisions of 20-15-327 and chapter 9, part 4, of this title.
(2) The board of trustees of a community college district may borrow money for the purposes of 20-15-327 and this section and repay the obligations from the various revenues of the college as described in 20-15-327 .

Legislative History

En. 75-8122 by Sec. 469, Ch. 5, L. 1971; amd. Sec. 2, Ch. 419, L. 1973; R.C.M. 1947, 75-8122; amd. Sec. 1, Ch. 488, L. 1989; amd. Sec. 1, Ch. 421, L. 2017.