Montana Statutes
§ 17-5-1325 — Reassignment Of Bonding Authority For Agricultural Purposes -- Contingency
Montana·Title 17 STATE FINANCE·Ch. 5 PUBLIC BOND ISSUES·Part 13 Montana Unified Volume Cap Bond Allocation Plan Act
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.
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Montana § 17-5-1325 (Reassignment Of Bonding Authority For Agricultural Purposes -- Contingency) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 3, Ch. 168, L. 1991.
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