Montana § 17-5-1612 Specific Loan Authorization

Montana Statutes

§ 17-5-1612 — Specific Loan Authorization

Montana § 17-5-1612

Title 17STATE FINANCE

Ch. 5PUBLIC BOND ISSUES

Part 16Municipal Finance Consolidation Act

This text of Montana § 17-5-1612 (Specific Loan Authorization) 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. § 17-5-1612 (2026).

Text

17-5-1612 . Specific loan authorization. The legislature intends that individual state agencies may borrow from the program established in this part, as specifically authorized by the legislature under the following conditions:

(1)A loan for which the security is an enterprise or internal service fund source may be approved by a simple majority vote of the legislature.

(2)A loan for which the security is a general fund appropriation, a general fund revenue source, or any type of tax or fee imposed by the legislature must be approved by a two-thirds vote of the members of each house of the legislature and must include language authorizing the creation of a state debt under Article VIII, section 8, of the Montana constitution.

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17-5-1612 . Specific loan authorization. The legislature intends that individual state agencies may borrow from the program established in this part, as specifically authorized by the legislature under the following conditions:
(1) A loan for which the security is an enterprise or internal service fund source may be approved by a simple majority vote of the legislature.
(2) A loan for which the security is a general fund appropriation, a general fund revenue source, or any type of tax or fee imposed by the legislature must be approved by a two-thirds vote of the members of each house of the legislature and must include language authorizing the creation of a state debt under Article VIII, section 8, of the Montana constitution.