Montana Statutes
§ 90-7-311 — Pledge Of State Not To Impair -- To Administer
Montana·Title 90 PLANNING, RESEARCH, AND DEVELOPMENT·Ch. 7 FACILITY FINANCE AUTHORITY·Part 3 Notes and Bonds
90-7-311 . Pledge of state not to impair -- to administer. In accordance with the constitutions of the United States and the state of Montana, the state pledges that it will not in any way impair the obligations of any agreement between the authority and the holders of notes and bonds issued by the authority, including but not limited to an agreement to administer a loan program financed by the issuance of bonds, and to employ a staff sufficient and competent for this purpose.
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Legislative History
En. Sec. 24, 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