Montana § 90-4-1207 Nature Of Revenue Bonds

Montana Statutes

§ 90-4-1207 — Nature Of Revenue Bonds

Montana § 90-4-1207

Title 90PLANNING, RESEARCH, AND DEVELOPMENT

Ch. 4ENERGY DEVELOPMENT AND CONSERVATION

Part 12Montana Clean Renewable Energy Bond Act

This text of Montana § 90-4-1207 (Nature Of Revenue Bonds) 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. § 90-4-1207 (2026).

Text

90-4-1207 . Nature of revenue bonds.

(1)A holder of a revenue bond issued pursuant to 90-4-1205 does not have the right to compel the governmental body to exercise its taxing power to pay off the bonds or the interest on those bonds.

(2)Each revenue bond issued pursuant to 90-4-1205 must state that:

(a)the bond, including interest on the bond, is payable from the revenue pledged to the payment of the bond; and

(b)the bond does not constitute a debt of the governmental body within the meaning of any constitutional or statutory limitation or provision.

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90-4-1207 . Nature of revenue bonds. (1) A holder of a revenue bond issued pursuant to 90-4-1205 does not have the right to compel the governmental body to exercise its taxing power to pay off the bonds or the interest on those bonds.
(2) Each revenue bond issued pursuant to 90-4-1205 must state that:
(a) the bond, including interest on the bond, is payable from the revenue pledged to the payment of the bond; and
(b) the bond does not constitute a debt of the governmental body within the meaning of any constitutional or statutory limitation or provision.