Montana § 20-9-429 Trustees' Resolution To Issue School District Bonds Pursuant To Public Sale

Montana Statutes

§ 20-9-429 — Trustees' Resolution To Issue School District Bonds Pursuant To Public Sale

Montana § 20-9-429

Title 20EDUCATION

Ch. 9FINANCE

Part 4School Bonds

This text of Montana § 20-9-429 (Trustees' Resolution To Issue School District Bonds Pursuant To Public Sale) 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. § 20-9-429 (2026).

Text

20-9-429 . Trustees' resolution to issue school district bonds pursuant to public sale. If the trustees conduct a public sale, at any time after the date of the election certificate, the trustees shall adopt a resolution calling for the sale of bonds of the school district. The resolution must specify:

(1)the number of series or installments in which the bonds are to be issued;

(2)the amount of bonds to be issued;

(3)the minimum purchase price of the bonds;

(4)the purpose or purposes of the issue;

(5)the date that the issue will bear;

(6)the period of time through which the issue will be paid;

(7)the manner of execution of the bonds;

(8)whether bids will be accepted for either serial or amortization bonds and, if so, the denomination of serial or amortization bonds;

(9)the date an

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20-9-429 . Trustees' resolution to issue school district bonds pursuant to public sale. If the trustees conduct a public sale, at any time after the date of the election certificate, the trustees shall adopt a resolution calling for the sale of bonds of the school district. The resolution must specify:
(1) the number of series or installments in which the bonds are to be issued;
(2) the amount of bonds to be issued;
(3) the minimum purchase price of the bonds;
(4) the purpose or purposes of the issue;
(5) the date that the issue will bear;
(6) the period of time through which the issue will be paid;
(7) the manner of execution of the bonds;
(8) whether bids will be accepted for either serial or amortization bonds and, if so, the denomination of serial or amortization bonds;
(9) the date and time that the sale of the bonds must be conducted; and
(10) the minimum price fixed by the board of trustees for the bonds, which may not be less than 97% of the principal amount of the bonds if the board determines that the sale is in the best interests of the district.