Montana § 17-5-1313 Allocation To Local Issuers

Montana Statutes

§ 17-5-1313 — Allocation To Local Issuers

Montana § 17-5-1313

Title 17STATE FINANCE

Ch. 5PUBLIC BOND ISSUES

Part 13Montana Unified Volume Cap Bond Allocation Plan Act

This text of Montana § 17-5-1313 (Allocation To Local 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. § 17-5-1313 (2026).

Text

17-5-1313 . Allocation to local issuers.

(1)The local portion must be allocated by the department pursuant to 17-5-1316 , and through the first Monday in September, no local issuer is entitled to an allocation except from the local portion set-aside.

(2)No more than $40 million of the local portion may be allocated for a single project or purpose prior to the first Monday in September of each year.

(3)After the first Monday in September, the local portion expires and any unallocated and unused local portion remaining must be allocated by the department as the state's volume cap to issuers pursuant to 17-5-1316 without preference.

Free access — add to your briefcase to read the full text and ask questions with AI

17-5-1313 . Allocation to local issuers. (1) The local portion must be allocated by the department pursuant to 17-5-1316 , and through the first Monday in September, no local issuer is entitled to an allocation except from the local portion set-aside.
(2) No more than $40 million of the local portion may be allocated for a single project or purpose prior to the first Monday in September of each year.
(3) After the first Monday in September, the local portion expires and any unallocated and unused local portion remaining must be allocated by the department as the state's volume cap to issuers pursuant to 17-5-1316 without preference.