Montana Statutes
§ 90-7-113 — Bonds As Legal Investment
Montana·Title 90 PLANNING, RESEARCH, AND DEVELOPMENT·Ch. 7 FACILITY FINANCE AUTHORITY·Part 1 General Provisions
90-7-113 . Bonds as legal investment.
(1)Bonds issued by the authority under the provisions of this chapter are securities in which funds may be legally and properly invested, including capital in the control of or belonging to:
(a)public officers and public bodies of the state and its political subdivisions;
(b)insurance companies;
(c)credit unions, building and loan associations, investment companies, savings banks, banking associations, and trust companies;
(d)personal representatives, public administrators, trustees, and other fiduciaries; and
(e)pension, profit-sharing, and retirement funds.
(2)Bonds issued under this chapter are securities that may properly and legally be deposited with and received by any state or municipal officer or any agency or municipality of the state f
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Legislative History
En. Sec. 23, Ch. 703, L. 1983.
Nearby Sections
15
§ 90-7-101
Short Title§ 90-7-102
Definitions§ 90-7-103
Allowable Costs§ 90-7-104
Eligible Facility§ 90-7-105
Through 90-7-110 Reserved§ 90-7-113
Bonds As Legal Investment§ 90-7-114
And 90-7-115 Reserved§ 90-7-117
Through 90-7-120 Reserved§ 90-7-121
Biennial Audit§ 90-7-202
Powers Of Authority§ 90-7-203
Staff Of Authority