Montana § 85-7-1413 Authority To Issue Revenue Bonds

Montana Statutes

§ 85-7-1413 — Authority To Issue Revenue Bonds

Montana § 85-7-1413

Title 85WATER USE

Ch. 7IRRIGATION DISTRICTS

Part 14Irrigation District Revenue Bond Act

This text of Montana § 85-7-1413 (Authority To Issue Revenue 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. § 85-7-1413 (2026).

Text

85-7-1413 . Authority to issue revenue bonds. An irrigation district may:

(1)issue its bonds to finance in whole or in part the acquisition, construction, or improvement of any undertaking; and

(2)pledge to the punctual payment of bonds issued under this part and interest thereon an amount of the revenue of the undertaking (including subsequent improvements or extensions) sufficient to pay the bonds and interest as they become due, and maintain reasonable reserves therefor.

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85-7-1413 . Authority to issue revenue bonds. An irrigation district may:
(1) issue its bonds to finance in whole or in part the acquisition, construction, or improvement of any undertaking; and
(2) pledge to the punctual payment of bonds issued under this part and interest thereon an amount of the revenue of the undertaking (including subsequent improvements or extensions) sufficient to pay the bonds and interest as they become due, and maintain reasonable reserves therefor.