Montana § 76-15-507 Investment Of Funds

Montana Statutes

§ 76-15-507 — Investment Of Funds

Montana § 76-15-507

Title 76LAND RESOURCES AND USE

Ch. 15CONSERVATION DISTRICTS

Part 5Financial Aspects of Conservation Districts Loan Program

This text of Montana § 76-15-507 (Investment Of Funds) 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. § 76-15-507 (2026).

Text

76-15-507 . Investment of funds. The board of supervisors shall have the power and authority to direct the investment of funds in a debt service fund in interest-bearing securities whenever in their judgment the same may be to the best interests of the district. But all such securities shall be converted into cash in time to meet the principal on the bonds payable from such debt service fund promptly at their maturity.

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76-15-507 . Investment of funds. The board of supervisors shall have the power and authority to direct the investment of funds in a debt service fund in interest-bearing securities whenever in their judgment the same may be to the best interests of the district. But all such securities shall be converted into cash in time to meet the principal on the bonds payable from such debt service fund promptly at their maturity.