Montana § 17-5-1602 Policy And Purpose

Montana Statutes

§ 17-5-1602 — Policy And Purpose

Montana § 17-5-1602

Title 17STATE FINANCE

Ch. 5PUBLIC BOND ISSUES

Part 16Municipal Finance Consolidation Act

This text of Montana § 17-5-1602 (Policy And Purpose) 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. § 17-5-1602 (2026).

Text

17-5-1602 . Policy and purpose.

(1)It is the policy of the state of Montana to:

(a)foster and promote, by all reasonable means, the provision of efficient capital markets and facilities for borrowing money by eligible government units to pay for capital improvements and other needs as otherwise authorized by law; and

(b)reduce, to the extent possible, costs of public indebtedness to taxpayers and residents by affording public bodies an appropriate degree of flexibility and choice in the marketing of their debt securities so as to minimize marketing costs and interest rates.

(2)It is the purpose of this part to promote the policies stated in subsection (1) by:

(a)creating a means for eligible government units to pool, in effect, the debt instruments they are otherwise authorized to off

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

17-5-1602 . Policy and purpose. (1) It is the policy of the state of Montana to:
(a) foster and promote, by all reasonable means, the provision of efficient capital markets and facilities for borrowing money by eligible government units to pay for capital improvements and other needs as otherwise authorized by law; and
(b) reduce, to the extent possible, costs of public indebtedness to taxpayers and residents by affording public bodies an appropriate degree of flexibility and choice in the marketing of their debt securities so as to minimize marketing costs and interest rates.
(2) It is the purpose of this part to promote the policies stated in subsection (1) by:
(a) creating a means for eligible government units to pool, in effect, the debt instruments they are otherwise authorized to offer for sale to the investment community in order to obtain economies of scale and reduce marketing and interest costs; and
(b) providing additional security for the payment of bonds and notes held by investors and thereby further reducing interest costs.