Montana § 90-4-1218 Liens Arising From Bonds Or Contracts -- Mortgages

Montana Statutes

§ 90-4-1218 — Liens Arising From Bonds Or Contracts -- Mortgages

Montana § 90-4-1218

Title 90PLANNING, RESEARCH, AND DEVELOPMENT

Ch. 4ENERGY DEVELOPMENT AND CONSERVATION

Part 12Montana Clean Renewable Energy Bond Act

This text of Montana § 90-4-1218 (Liens Arising From Bonds Or Contracts -- Mortgages) 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. § 90-4-1218 (2026).

Text

90-4-1218 . Liens arising from bonds or contracts -- mortgages.

(1)A resolution or contract must specify and define the revenue or portion of the revenue that is appropriated and pledged for the security and payment of the bonds or amounts payable under the contract and the relative security of liens on the revenue in favor of bonds of one or more series or issues, whether issued concurrently or at different times, or in favor of different contracts, whether entered into concurrently or at different times.

(2)A governmental body may mortgage, pledge, and assign any or all of the real and personal property comprising a project to secure payment of bonds, contracts, or other obligations issued or incurred under this part.

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90-4-1218 . Liens arising from bonds or contracts -- mortgages. (1) A resolution or contract must specify and define the revenue or portion of the revenue that is appropriated and pledged for the security and payment of the bonds or amounts payable under the contract and the relative security of liens on the revenue in favor of bonds of one or more series or issues, whether issued concurrently or at different times, or in favor of different contracts, whether entered into concurrently or at different times.
(2) A governmental body may mortgage, pledge, and assign any or all of the real and personal property comprising a project to secure payment of bonds, contracts, or other obligations issued or incurred under this part.