Nature Of Urban Renewal Bonds

Mont. Code Ann. § 7-15-4321, under Urban Renewal Continued.

Mont. Code Ann. § 7-15-4321

Bonds issued under 7-15-4301 shall not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction and shall be subject only to the provisions of the Uniform Commercial Code and the limitations of this part and part 42.