Montana Statutes
§ 90-5-109 — Cost Of Projects
Montana·Title 90 PLANNING, RESEARCH, AND DEVELOPMENT·Ch. 5 SECONDARY INDUSTRY AND COMMERCIAL DEVELOPMENT·Part 1 Industrial Development Projects
90-5-109 . Cost of projects. The cost of acquiring or improving any project shall be deemed to include the following:
(1)the actual cost of acquiring or improving real estate for any project;
(2)the actual cost of construction of all or any part of a project which may be constructed, including architects' and engineers' fees;
(3)all expenses in connection with the authorization, sale, and issuance of the bonds to finance such acquisition or improvement;
(4)bond reserves and premiums for insurance of lease rentals pledged to pay the bonds; and
(5)the interest on such bonds for a reasonable time prior to construction, during construction, and for not exceeding 6 months after completion of construction.
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Legislative History
En. Sec. 7, Ch. 51, L. 1965; amd. Sec. 2, Ch. 234, L. 1975; R.C.M. 1947, 11-4107(part).
Nearby Sections
15
§ 90-5-101
Definitions§ 90-5-102
General Municipal And County Powers§ 90-5-104
Hearing§ 90-5-105
Provisions For Security Of Bondholders§ 90-5-106
Determination Of Costs -- Terms Of Lease§ 90-5-107
Refunding Of Bonds§ 90-5-108
Use Of Proceeds Of Bond Sales§ 90-5-109
Cost Of Projects§ 90-5-110
Taxation Of Projects§ 90-5-111
Powers Cumulative§ 90-5-112
Economic Development Levy§ 90-5-114
Preference Of Montana Labor