Montana § 17-5-1312 Allocation To State Issuers

Montana Statutes

§ 17-5-1312 — Allocation To State Issuers

Montana § 17-5-1312

Title 17STATE FINANCE

Ch. 5PUBLIC BOND ISSUES

Part 13Montana Unified Volume Cap Bond Allocation Plan Act

This text of Montana § 17-5-1312 (Allocation To State Issuers) 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. § 17-5-1312 (2026).

Text

17-5-1312 . Allocation to state issuers.

(1)Except as provided in subsection (3), the state portion must be allocated to state issuers pursuant to 17-5-1316 .

(2)As a condition of receiving an allocation, each state issuer:

(a)on issuance of the bonds, shall pay 35 cents per thousand of bonds to be deposited in the state general fund for the purpose of funding a portion of the annual comprehensive financial report audit; and

(b)shall provide the legislative auditor with full access to its financial records.

(3)Through the first Monday in September, allocations of the state portion must be made by the department to state issuers pursuant to 17-5-1316 . After the first Monday in September, the state portion expires and any unallocated and unused state portion remaining must be allocated

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17-5-1312 . Allocation to state issuers. (1) Except as provided in subsection (3), the state portion must be allocated to state issuers pursuant to 17-5-1316 .
(2) As a condition of receiving an allocation, each state issuer:
(a) on issuance of the bonds, shall pay 35 cents per thousand of bonds to be deposited in the state general fund for the purpose of funding a portion of the annual comprehensive financial report audit; and
(b) shall provide the legislative auditor with full access to its financial records.
(3) Through the first Monday in September, allocations of the state portion must be made by the department to state issuers pursuant to 17-5-1316 . After the first Monday in September, the state portion expires and any unallocated and unused state portion remaining must be allocated by the department as the state's volume cap to issuers pursuant to 17-5-1316 without preference.

Legislative History

En. Sec. 4, Ch. 190, L. 1987; amd. Sec. 2, Ch. 168, L. 1991; amd. Sec. 3, Ch. 32, L. 2001; amd. Sec. 3, Ch. 137, L. 2001; amd. Sec. 2, Ch. 341, L. 2009; amd. Sec. 3, Ch. 58, L. 2023.