Montana § 90-4-1208 Authority To Issue Other Bonds

Montana Statutes

§ 90-4-1208 — Authority To Issue Other Bonds

Montana·Title 90 PLANNING, RESEARCH, AND DEVELOPMENT·Ch. 4 ENERGY DEVELOPMENT AND CONSERVATION·Part 12 Montana Clean Renewable Energy Bond Act

90-4-1208 . Authority to issue other bonds. If the principal amount of clean renewable energy bonds, as limited by the Internal Revenue Code, is insufficient to finance all costs of a project as determined pursuant to 90-4-1206 , the governmental body may issue bonds to finance those costs and the costs of issuance of those bonds as:

(1)additional revenue bonds pursuant to 90-4-1205 ;

(2)obligations under 7-7-4104 ; or

(3)general obligations of a governmental body, provided that the issuance of the bonds are submitted to the electors of the governmental body as required by law.

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90-4-1208 . Authority to issue other bonds. If the principal amount of clean renewable energy bonds, as limited by the Internal Revenue Code, is insufficient to finance all costs of a project as determined pursuant to 90-4-1206 , the governmental body may issue bonds to finance those costs and the costs of issuance of those bonds as:
(1) additional revenue bonds pursuant to 90-4-1205 ;
(2) obligations under 7-7-4104 ; or
(3) general obligations of a governmental body, provided that the issuance of the bonds are submitted to the electors of the governmental body as required by law.

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