Montana Statutes
§ 76-15-507 — Investment Of Funds
Montana·Title 76 LAND RESOURCES AND USE·Ch. 15 CONSERVATION DISTRICTS·Part 5 Financial Aspects of Conservation Districts Loan Program
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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Legislative History
En. Sec. 13, Ch. 291, L. 1969; R.C.M. 1947, 76-221; amd. Sec. 28, Ch. 298, L. 1983.
Nearby Sections
15
§ 76-15-1001
Power To Enter And Execute Contracts§ 76-15-1002
Restriction On Use Of Funds§ 76-15-1003
Reserved§ 76-15-1004
Repealed§ 76-15-1006
Advertisements§ 76-15-1007
Through 76-15-1010 Reserved§ 76-15-101
Legislative Determinations§ 76-15-1011
Exemptions From Advertising And Bidding§ 76-15-1012
Terms And Extensions§ 76-15-1013
Division Of Contracts Prohibited§ 76-15-1014
Cooperative Purchasing Contracts§ 76-15-1015
Services Contracts§ 76-15-102
Declaration Of Policy§ 76-15-103
Definitions