Montana § 17-5-1505 Financing Programs Of The Board

Montana Statutes

§ 17-5-1505 — Financing Programs Of The Board

Montana § 17-5-1505

Title 17STATE FINANCE

Ch. 5PUBLIC BOND ISSUES

Part 15Economic Development Bonds

This text of Montana § 17-5-1505 (Financing Programs Of The Board) 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. § 17-5-1505 (2026).

Text

17-5-1505 . Financing programs of the board.

(1)The board may:

(a)invest in, purchase or make commitments to purchase, and take assignment from financial institutions of notes, mortgages, loan agreements, and other securities evidencing loans for the acquisition, construction, reconstruction, or improvement of projects located in the state, under terms and conditions determined by the board;

(b)acquire, by construction, purchase, devise, gift, lease, or any combination of methods, from financial institutions, projects located in the state and lease such projects to others for such rentals and upon such terms and conditions as determined by the board;

(c)make loans to financial institutions, under terms and conditions determined by the board, requiring the proceeds to be used by the fin

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

17-5-1505 . Financing programs of the board. (1) The board may:
(a) invest in, purchase or make commitments to purchase, and take assignment from financial institutions of notes, mortgages, loan agreements, and other securities evidencing loans for the acquisition, construction, reconstruction, or improvement of projects located in the state, under terms and conditions determined by the board;
(b) acquire, by construction, purchase, devise, gift, lease, or any combination of methods, from financial institutions, projects located in the state and lease such projects to others for such rentals and upon such terms and conditions as determined by the board;
(c) make loans to financial institutions, under terms and conditions determined by the board, requiring the proceeds to be used by the financial institution for the purpose of financing the acquisition, construction, reconstruction, or improvement of projects located in the state; or
(d) finance projects located in the state upon such terms and conditions as determined by the board.
(2) The board may not operate any project as a business or in any other manner except as the lessor thereof or as may be necessary for a temporary period through the enforcement of its rights under a lease, loan agreement, or other security agreement.