Montana § 90-4-1209 Use Of Revenue From Project

Montana Statutes

§ 90-4-1209 — Use Of Revenue From Project

Montana § 90-4-1209

Title 90PLANNING, RESEARCH, AND DEVELOPMENT

Ch. 4ENERGY DEVELOPMENT AND CONSERVATION

Part 12Montana Clean Renewable Energy Bond Act

This text of Montana § 90-4-1209 (Use Of Revenue From Project) 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. § 90-4-1209 (2026).

Text

90-4-1209 . Use of revenue from project.

(1)A governmental body issuing bonds or entering into a contract pursuant to this part with respect to a project may appropriate, apply, or expend the revenue of the project for the following purposes:

(a)to pay when due all bonds and interest on the bonds or amounts owing under contracts for the payment of the revenue that is or has been pledged, charged, or otherwise encumbered, including reserves;

(b)to provide for all expenses of operation and maintenance of the project, including reserves;

(c)to pay and discharge bonds and interest on the bonds or amounts under contracts not issued or entered into under this part for which the revenue of the project is or has been pledged, charged, or encumbered;

(d)to pay and discharge bonds and interest

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90-4-1209 . Use of revenue from project. (1) A governmental body issuing bonds or entering into a contract pursuant to this part with respect to a project may appropriate, apply, or expend the revenue of the project for the following purposes:
(a) to pay when due all bonds and interest on the bonds or amounts owing under contracts for the payment of the revenue that is or has been pledged, charged, or otherwise encumbered, including reserves;
(b) to provide for all expenses of operation and maintenance of the project, including reserves;
(c) to pay and discharge bonds and interest on the bonds or amounts under contracts not issued or entered into under this part for which the revenue of the project is or has been pledged, charged, or encumbered;
(d) to pay and discharge bonds and interest on the bonds that do not constitute a lien, charge, or encumbrance on the revenue of the project and that have been issued for the purpose of financing the acquisition, purchase, construction, reconstruction, improvement, or extension of the project; and
(e) to provide a reserve for improvements to the project.
(2) A governing authority shall fulfill the requirements of subsection (1) before the governing authority may transfer any of the revenue of the project to its general fund.