Montana Statutes
§ 75-5-1122 — Creation Of Debt
Montana·Title 75 ENVIRONMENTAL PROTECTION·Ch. 5 WATER QUALITY·Part 11 Water Pollution Control State Revolving Fund
75-5-1122 . Creation of debt. The legislature, through the enactment of this law by a two-thirds vote of the members of each house, authorizes the creation of state debt in an amount not to exceed $70 million in principal amount of general obligation bonds outstanding from time to time for the purpose of:
(1)funding the program; and
(2)funding portions of loans on an interim basis pending receipt of:
(a)grant payments from the environmental protection agency for which federal legislation appropriating the proceeds of the grants has been enacted; or
(b)other revenue for the program.
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Legislative History
En. Sec. 13, Ch. 678, L. 1989; amd. Sec. 1, Ch. 73, L. 1999; amd. Sec. 1, Ch. 18, L. 2003; amd. Sec. 2, Ch. 323, L. 2005; amd. Sec. 2, Ch. 29, L. 2021.
Nearby Sections
15
§ 75-5-101
Policy§ 75-5-103
Definitions§ 75-5-104
Special Applicability§ 75-5-105
Confidentiality Of Records§ 75-5-107
Venue Generally§ 75-5-1101
Short Title§ 75-5-1102
Definitions§ 75-5-1104
Authorization Of Agreement -- Content§ 75-5-1105
Rulemaking§ 75-5-1106
Revolving Fund§ 75-5-1107
Uses Of Revolving Fund§ 75-5-1108
Use Of Funds -- Statutory Appropriation