Montana § 90-7-111 Credit Of State Not Pledged -- Statement On Obligation Required

Montana Statutes

§ 90-7-111 — Credit Of State Not Pledged -- Statement On Obligation Required

Montana § 90-7-111

Title 90PLANNING, RESEARCH, AND DEVELOPMENT

Ch. 7FACILITY FINANCE AUTHORITY

Part 1General Provisions

This text of Montana § 90-7-111 (Credit Of State Not Pledged -- Statement On Obligation Required) 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. § 90-7-111 (2026).

Text

90-7-111 . Credit of state not pledged -- statement on obligation required.

(1)Obligations issued under the provisions of this chapter do not constitute a debt, liability, obligation, or pledge of the faith and credit of the state but are payable solely from the revenue or assets of the institution being financed.

(2)An obligation issued under this chapter must contain on the face of the obligation a statement to the effect that the state of Montana is not liable on the obligation, the obligation is not a debt of the state, and neither the faith and credit nor the taxing power of the state is pledged to the payment of the principal of or the interest on the obligation.

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90-7-111 . Credit of state not pledged -- statement on obligation required. (1) Obligations issued under the provisions of this chapter do not constitute a debt, liability, obligation, or pledge of the faith and credit of the state but are payable solely from the revenue or assets of the institution being financed.
(2) An obligation issued under this chapter must contain on the face of the obligation a statement to the effect that the state of Montana is not liable on the obligation, the obligation is not a debt of the state, and neither the faith and credit nor the taxing power of the state is pledged to the payment of the principal of or the interest on the obligation.