Montana § 17-5-1514 Accounts

Montana Statutes

§ 17-5-1514 — Accounts

Montana·Title 17 STATE FINANCE·Ch. 5 PUBLIC BOND ISSUES·Part 15 Economic Development Bonds

17-5-1514 . Accounts. The board may create funds and accounts necessary to implement this part. The funds and accounts may include:

(1)a fund into which bond proceeds are deposited;

(2)a common bond fund consisting of:

(a)a common debt service account;

(b)a capital reserve account as provided in 17-5-1515 ; and

(c)an operating account for defraying the operational costs of the board; and

(3)other funds or accounts.

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17-5-1514 . Accounts. The board may create funds and accounts necessary to implement this part. The funds and accounts may include:
(1) a fund into which bond proceeds are deposited;
(2) a common bond fund consisting of:
(a) a common debt service account;
(b) a capital reserve account as provided in 17-5-1515 ; and
(c) an operating account for defraying the operational costs of the board; and
(3) other funds or accounts.

Montana § 17-5-1514 (Accounts) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.