Montana § 20-25-1404 Authorization To Finance Self-Insured Health Plan For Students

Montana Statutes

§ 20-25-1404 — Authorization To Finance Self-Insured Health Plan For Students

Montana·Title 20 EDUCATION·Ch. 25 UNIVERSITY SYSTEM·Part 14 Self-Insured Student Health Plan

20-25-1404 . Authorization to finance self-insured health plan for students. The commissioner may, subject to the approval of the board of regents, finance the initial costs to establish the plan established pursuant to 20-25-1401 by using any of the following methods:

(1)authorizing a long-term loan of university funds. The loan must bear interest at a rate equivalent to the previous fiscal year's average rate of return on the board of investments' short-term investment pool.

(2)issuing and selling bonds and notes in whole or in part for this purpose; or

(3)using any other lawful means, including the assessment of student fees.

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20-25-1404 . Authorization to finance self-insured health plan for students. The commissioner may, subject to the approval of the board of regents, finance the initial costs to establish the plan established pursuant to 20-25-1401 by using any of the following methods:
(1) authorizing a long-term loan of university funds. The loan must bear interest at a rate equivalent to the previous fiscal year's average rate of return on the board of investments' short-term investment pool.
(2) issuing and selling bonds and notes in whole or in part for this purpose; or
(3) using any other lawful means, including the assessment of student fees.

Montana § 20-25-1404 (Authorization To Finance Self-Insured Health Plan For Students) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.