Montana § 7-7-2212 Citizen Bonds Authorized

Montana Statutes

§ 7-7-2212 — Citizen Bonds Authorized

Montana·Title 7 LOCAL GOVERNMENT·Ch. 7 DEBT MANAGEMENT·Part 22 County General Obligation Bonds

7-7-2212 . Citizen bonds authorized.

(1)A county authorized to sell general obligation bonds under this chapter may issue and sell a portion of the bonds in denominations of less than $5,000 by:

(a)competitive public sale, directly to members of the public, at preestablished interest rates; or

(b)private sale pursuant to 17-5-107 .

(2)Bonds issued under 7-7-2212 through 7-7-2215 may be known as "citizen bonds".

(3)Citizen bonds may be issued for any purpose for which a county may issue general obligation bonds.

(4)An officer, employee, contracted financial consultant, or contracted adviser employed or retained by a county selling citizen bonds may not purchase those bonds.

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7-7-2212 . Citizen bonds authorized. (1) A county authorized to sell general obligation bonds under this chapter may issue and sell a portion of the bonds in denominations of less than $5,000 by:
(a) competitive public sale, directly to members of the public, at preestablished interest rates; or
(b) private sale pursuant to 17-5-107 .
(2) Bonds issued under 7-7-2212 through 7-7-2215 may be known as "citizen bonds".
(3) Citizen bonds may be issued for any purpose for which a county may issue general obligation bonds.
(4) An officer, employee, contracted financial consultant, or contracted adviser employed or retained by a county selling citizen bonds may not purchase those bonds.

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