Montana Statutes

§ 17-5-1645 — Insurance Or Guaranty

Montana·Title 17 STATE FINANCE·Ch. 5 PUBLIC BOND ISSUES·Part 16 Municipal Finance Consolidation Act
17-5-1645 . Insurance or guaranty. The board may obtain, from a department or agency of the United States or a nongovernmental insurer, insurance or guaranty for the payment or repayment of interest or principal, or both, or any part of interest or principal on bonds or notes issued by the board or on bonds, bond anticipation notes, or notes of eligible government units purchased or held by the board.

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Legislative History

En. Sec. 27, Ch. 620, L. 1983; amd. Sec. 10, Ch. 208, L. 1995.

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