Montana Statutes
§ 17-5-107 — Public Or Private Sale -- Procedure For Public Sale
17-5-107 . Public or private sale -- procedure for public sale.
(1)The governing body of a political subdivision may sell its bonds at public or private sale as determined by the governing body and, if the bonds are sold at private sale, in denominations and forms approved by the governing body. If the governing body conducts a public sale, those provisions of state law regarding the public sale of bonds that pertain to the political subdivision govern the sale.
(2)The bonds must be sold at not less than 97% of the principal amount of the bonds if the governing body determines that a sale at that price is in the best interests of the political subdivision.
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Legislative History
En. Sec. 1, Ch. 253, L. 2011.
Nearby Sections
15
§ 17-5-1001
Action To Restrain Bond Issues§ 17-5-101
Definitions§ 17-5-105
Redemption Of Bonds -- Optional Method§ 17-5-106
Notice Of Public Bond Sale§ 17-5-108
Through 17-5-110 Reserved§ 17-5-1101
Short Title§ 17-5-1102
Definitions§ 17-5-1103
Declarations Of State Interest -- Purposes§ 17-5-1104
Construction§ 17-5-1105
Applicability -- Election -- Rescission§ 17-5-1106
Records -- No Public Inspection -- Locations