Montana Statutes

§ 7-7-4302 — Applicability Of Certain Other Bond Provisions

Montana·Title 7 LOCAL GOVERNMENT·Ch. 7 DEBT MANAGEMENT·Part 43 Municipal Refunding General Obligation Bonds

7-7-4302 . Applicability of certain other bond provisions.

(1)The provisions of 7-7-4201 through 7-7-4206 , 7-7-4208 through 7-7-4210 , 7-7-4255 through 7-7-4266 , 7-7-4268 through 7-7-4270 , and 7-7-4272 through 7-7-4274 apply to refunding bonds issued under this part; however, the city or town council may at its option sell bonds issued under this part at a private negotiated sale or at a public sale conducted pursuant to the provisions of 7-7-4251 , 7-7-4252 , and 7-7-4254 .
(2)If a refunding bond issue refunds only a portion of an outstanding bond issue, the unrefunded portion of the outstanding bond issue and the refunding bond issue must be treated as a single bond issue for the purposes of 7-7-4210 .

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Legislative History

En. by Code Commissioner, 1979; amd. Sec. 2, Ch. 647, L. 1983; amd. Sec. 16, Ch. 370, L. 1987; amd. Sec. 2, Ch. 6, L. 1993; amd. Sec. 29, Ch. 423, L. 1995.

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