Montana § 7-6-1101 Definitions

Montana Statutes

§ 7-6-1101 — Definitions

Montana·Title 7 LOCAL GOVERNMENT·Ch. 6 FINANCIAL ADMINISTRATION AND TAXATION·Part 11 Tax and Revenue Anticipation Notes

7-6-1101 . Definitions. As used in this part, unless the context clearly requires otherwise, the following definitions apply:

(1)"Governing body" means the legislative authority of a local government, by whatever name designated.

(2)"Gross proceeds obligations" are tax anticipation notes or revenue anticipation notes that mature at a time not to exceed 5 years from the date issued and are secured by the collection of certain coal gross proceeds taxes, interest, and penalties pursuant to 15-23-708 .

(3)"Local government" means any city, town, county, consolidated city-county, or school district.

(4)"Ordinance" means an ordinance or resolution of the local government.

(5)"Short-term obligations" are tax anticipation notes or revenue anticipation notes that mature at a time not to exceed

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7-6-1101 . Definitions. As used in this part, unless the context clearly requires otherwise, the following definitions apply:
(1) "Governing body" means the legislative authority of a local government, by whatever name designated.
(2) "Gross proceeds obligations" are tax anticipation notes or revenue anticipation notes that mature at a time not to exceed 5 years from the date issued and are secured by the collection of certain coal gross proceeds taxes, interest, and penalties pursuant to 15-23-708 .
(3) "Local government" means any city, town, county, consolidated city-county, or school district.
(4) "Ordinance" means an ordinance or resolution of the local government.
(5) "Short-term obligations" are tax anticipation notes or revenue anticipation notes that mature at a time not to exceed 13 months from the date issued.

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