Montana Statutes
§ 7-7-4205 — Term Of General Obligation Bonds
Montana § 7-7-4205
JurisdictionMontana
Title 7LOCAL GOVERNMENT
Ch. 7DEBT MANAGEMENT
Part 42Municipal General Obligation Bonds
This text of Montana § 7-7-4205 (Term Of General Obligation Bonds) 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. § 7-7-4205 (2026).
Text
7-7-4205 . Term of general obligation bonds.
(1)Bonds for any purpose may not be issued for a longer term than 20 years.
(2)For purposes of this section, the term of a bond issue commences on July 1 of the fiscal year in which the city first levies taxes to pay principal and interest on the bonds.
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Legislative History
En. Sec. 4, Ch. 160, L. 1931; amd. Sec. 1, Ch. 34, L. 1933; re-en. Sec. 5278.4, R.C.M. 1935; amd. Sec. 2, Ch. 62, L. 1945; amd. Sec. 4, Ch. 234, L. 1971; amd. Sec. 1, Ch. 284, L. 1973; R.C.M. 1947, 11-2304(part); amd. Sec. 3, Ch. 256, L. 1989.
Nearby Sections
15
§ 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Repealed§ 7-7-102
Repealed§ 7-7-103
Repealed§ 7-7-109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 § 7-7-4205, Counsel Stack Legal Research, https://law.counselstack.com/statute/mt/7/7-7-4205.