Montana § 7-6-1111 Gross Proceeds And Short-Term Obligations -- Security

Montana Statutes

§ 7-6-1111 — Gross Proceeds And Short-Term Obligations -- Security

Montana § 7-6-1111

Title 7LOCAL GOVERNMENT

Ch. 6FINANCIAL ADMINISTRATION AND TAXATION

Part 11Tax and Revenue Anticipation Notes

This text of Montana § 7-6-1111 (Gross Proceeds And Short-Term Obligations -- Security) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 7-6-1111 (2026).

Text

7-6-1111 . Gross proceeds and short-term obligations -- security.

(1)Gross proceeds obligations are not general obligations of the local government and are collectible only from the collection of coal gross proceeds taxes, interest, and penalties pursuant to 15-23-708 .

(2)Short-term obligations are general obligations of the local government and must be secured by the taxes and revenues in anticipation of which the short-term obligations were issued and in such other manner as set forth in the ordinance authorizing their issuance.

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7-6-1111 . Gross proceeds and short-term obligations -- security. (1) Gross proceeds obligations are not general obligations of the local government and are collectible only from the collection of coal gross proceeds taxes, interest, and penalties pursuant to 15-23-708 .
(2) Short-term obligations are general obligations of the local government and must be secured by the taxes and revenues in anticipation of which the short-term obligations were issued and in such other manner as set forth in the ordinance authorizing their issuance.