Montana § 17-5-1311 State's Volume Cap And Reservations -- Department To Adopt Rule

Montana Statutes

§ 17-5-1311 — State's Volume Cap And Reservations -- Department To Adopt Rule

Montana § 17-5-1311

Title 17STATE FINANCE

Ch. 5PUBLIC BOND ISSUES

Part 13Montana Unified Volume Cap Bond Allocation Plan Act

This text of Montana § 17-5-1311 (State's Volume Cap And Reservations -- Department To Adopt Rule) 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. § 17-5-1311 (2026).

Text

17-5-1311 . State's volume cap and reservations -- department to adopt rule.

(1)For each calendar year, the state's volume cap is the amount specified by the department pursuant to subsection (2). In each calendar year, subject to the provisions established by 17-5-1312 and 17-5-1313 , 70% of the state's volume cap is the state portion and 30% is the local portion.

(2)The department shall adopt a rule for the state's volume cap specifying the maximum dollar value of cap bonds that may be issued in a calendar year. The rule adopted by the department must consider the volume cap.

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17-5-1311 . State's volume cap and reservations -- department to adopt rule. (1) For each calendar year, the state's volume cap is the amount specified by the department pursuant to subsection (2). In each calendar year, subject to the provisions established by 17-5-1312 and 17-5-1313 , 70% of the state's volume cap is the state portion and 30% is the local portion.
(2) The department shall adopt a rule for the state's volume cap specifying the maximum dollar value of cap bonds that may be issued in a calendar year. The rule adopted by the department must consider the volume cap.