Montana § 75-5-1122 Creation Of Debt

Montana Statutes

§ 75-5-1122 — Creation Of Debt

Montana § 75-5-1122

Title 75ENVIRONMENTAL PROTECTION

Ch. 5WATER QUALITY

Part 11Water Pollution Control State Revolving Fund

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Bluebook

Mont. Code Ann. § 75-5-1122 (2026).

Text

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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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.

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.