Montana Statutes
§ 90-6-126 — Pledge Of The State
Montana·Title 90 PLANNING, RESEARCH, AND DEVELOPMENT·Ch. 6 COMMUNITY IMPACT -- PLANNING AND ABATEMENT·Part 1 Financing of Housing
90-6-126 . Pledge of the state. In accordance with the constitutions of the United States and the state of Montana, the state pledges that it will not in any way impair the obligations of any agreement between the board and the holders of notes and bonds issued by the board, including but not limited to an agreement to administer a loan program financed by the issuance of bonds and to employ a staff sufficient and competent for this purpose.
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Legislative History
En. 35-524 by Sec. 25, Ch. 461, L. 1975; R.C.M. 1947, 35-524; amd. Sec. 2, Ch. 143, L. 1979.
Nearby Sections
15
§ 90-6-1001
Oil, Gas, And Coal Natural Resource Accounts§ 90-6-101
Short Title§ 90-6-102
Legislative Declaration§ 90-6-103
Definitions§ 90-6-104
General Powers Of The Board§ 90-6-105
Meetings And Acts Of The Board§ 90-6-106
Adoption Of Rules§ 90-6-107
Deposit And Expenditure Of Funds§ 90-6-108
Financing Programs Of The Board§ 90-6-110
Supervision Of Housing Sponsors§ 90-6-111
Bonds And Notes§ 90-6-112
Provision Of Bond Resolutions§ 90-6-113
Validity Of Pledge§ 90-6-114
Personal Liability