Montana Statutes
§ 7-7-124 — Limitation On Investment Of Sinking Funds
Montana § 7-7-124
JurisdictionMontana
Title 7LOCAL GOVERNMENT
Ch. 7DEBT MANAGEMENT
Part 1General Provisions Related to Local Governments
This text of Montana § 7-7-124 (Limitation On Investment Of Sinking Funds) 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. § 7-7-124 (2026).
Text
7-7-124 . Limitation on investment of sinking funds. If any of the bonds for which the sinking fund was established are not yet due but are then redeemable under optional provisions, the money in the sinking fund is not subject to investment but shall be used and applied in payment and redemption of the bonds.
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Legislative History
En. Sec. 1, Ch. 86, L. 1923; re-en. Sec. 4622.1, R.C.M. 1935; amd. Sec. 1, Ch. 37, L. 1939; amd. Sec. 1, Ch. 11, L. 1963; amd. Sec. 68, Ch. 348, L. 1974; R.C.M. 1947, 16-2001(part); amd. Sec. 2, Ch. 256, L. 1979.
Nearby Sections
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§ 7-7-101
Repealed§ 7-7-102
Repealed§ 7-7-103
Repealed§ 7-7-109
Definitions -- Sale Of Notes In Anticipation Of Federal Or State Revenue Or Issuance Of Bonds§ 7-7-110
Authorization Of Bonds§ 7-7-111
Bond Election -- Impact On Value§ 7-7-112
Through 7-7-120 Reserved§ 7-7-121
Misconduct In Relation To Bond Funds§ 7-7-122
Prosecution For MisconductCite This Page — Counsel Stack
Bluebook (online)
Montana § 7-7-124, Counsel Stack Legal Research, https://law.counselstack.com/statute/mt/7/7-7-124.