Montana § 75-6-227 Creation Of Debt

Montana Statutes

§ 75-6-227 — Creation Of Debt

Montana·Title 75 ENVIRONMENTAL PROTECTION·Ch. 6 PUBLIC WATER SUPPLIES, DISTRIBUTION, AND TREATMENT·Part 2 Drinking Water State Revolving Fund Act

75-6-227 . Creation of debt. The legislature, through enactment of this section, authorizes the creation of state debt in an amount not to exceed $50 million in principal amount of general obligation bonds outstanding from time to time for the purpose of:

(1)funding the drinking water 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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75-6-227 . Creation of debt. The legislature, through enactment of this section, authorizes the creation of state debt in an amount not to exceed $50 million in principal amount of general obligation bonds outstanding from time to time for the purpose of:
(1) funding the drinking water 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.

Montana § 75-6-227 (Creation Of Debt) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

En. Sec. 16, Ch. 553, L. 1995; amd. Sec. 4, Ch. 421, L. 1999; amd. Sec. 2, Ch. 18, L. 2003; amd. Sec. 4, Ch. 323, L. 2005; amd. Sec. 3, Ch. 29, L. 2021.