Montana § 17-5-1325 Reassignment Of Bonding Authority For Agricultural Purposes -- Contingency

Montana Statutes

§ 17-5-1325 — Reassignment Of Bonding Authority For Agricultural Purposes -- Contingency

Montana § 17-5-1325

Title 17STATE FINANCE

Ch. 5PUBLIC BOND ISSUES

Part 13Montana Unified Volume Cap Bond Allocation Plan Act

This text of Montana § 17-5-1325 (Reassignment Of Bonding Authority For Agricultural Purposes -- Contingency) 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. § 17-5-1325 (2026).

Text

17-5-1325 . Reassignment of bonding authority for agricultural purposes -- contingency. If, at some time in the future, federal taxation laws allow the use of tax-exempt bonds to provide loans for the acquisition of farm or ranch land, a downpayment on the acquisition of farm or ranch land, or the acquisition or construction of depreciable property used in the operation of a farm or ranch, the allocation of bonding authority originally assigned to the Montana agricultural loan authority must be reassigned to the Montana board of investments to provide those loans.

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

17-5-1325 . Reassignment of bonding authority for agricultural purposes -- contingency. If, at some time in the future, federal taxation laws allow the use of tax-exempt bonds to provide loans for the acquisition of farm or ranch land, a downpayment on the acquisition of farm or ranch land, or the acquisition or construction of depreciable property used in the operation of a farm or ranch, the allocation of bonding authority originally assigned to the Montana agricultural loan authority must be reassigned to the Montana board of investments to provide those loans.