Montana § 7-7-4303 Term Of Refunding General Obligation Bonds

Montana Statutes

§ 7-7-4303 — Term Of Refunding General Obligation Bonds

Montana § 7-7-4303

Title 7LOCAL GOVERNMENT

Ch. 7DEBT MANAGEMENT

Part 43Municipal Refunding General Obligation Bonds

This text of Montana § 7-7-4303 (Term Of Refunding 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. § 7-7-4303 (2026).

Text

7-7-4303 . Term of refunding general obligation bonds.

(1)Except as provided in subsection (2), when bonds are issued for the purpose of refunding bonds theretofore issued and outstanding, such bonds shall not be issued for a longer term than 10 years.

(2)If the unexpired term of the bonds to be refunded shall be more than 10 years, the refunding bonds may be issued for such unexpired term.

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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).