Montana § 7-6-1105 Refunding And Renewal Of Short-Term Obligations

Montana Statutes

§ 7-6-1105 — Refunding And Renewal Of Short-Term Obligations

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

7-6-1105 . Refunding and renewal of short-term obligations.

(1)Gross proceeds obligations may, from time to time, be renewed or refunded by the issuance of gross proceeds obligations. Gross proceeds obligations may not be renewed or refunded to a date later than 5 years from the end of the fiscal year in which the original short-term obligation was issued.

(2)Short-term obligations may, from time to time, be renewed or refunded by the issuance of short-term obligations. Short-term obligations may not be renewed or refunded to a date later than 6 months from the end of the fiscal year in which the original short-term obligation was issued.

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7-6-1105 . Refunding and renewal of short-term obligations. (1) Gross proceeds obligations may, from time to time, be renewed or refunded by the issuance of gross proceeds obligations. Gross proceeds obligations may not be renewed or refunded to a date later than 5 years from the end of the fiscal year in which the original short-term obligation was issued.
(2) Short-term obligations may, from time to time, be renewed or refunded by the issuance of short-term obligations. Short-term obligations may not be renewed or refunded to a date later than 6 months from the end of the fiscal year in which the original short-term obligation was issued.

Montana § 7-6-1105 (Refunding And Renewal Of Short-Term Obligations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.