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19 chapters · 965 sections in this title.
Mont. Code Ann. § 20-9-406 Limitations On Amount Of Bond Issue -- Definition Of Federal Impact Aid Basic Support Payment -- Oil And Natural Gas Payment
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(1) (a) Except as provided in subsection (1)(c), the maximum amount for which an elementary district or a high school district may become indebted by the issuance of general obligation bonds, including all indebtedness represented by outstanding general obligation bonds of previo…
Mont. Code Ann. § 20-9-407 Industrial Facility Agreement For Bond Issue In Excess Of Maximum
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(1) Pursuant to an agreement between a new major industrial facility and a school district and as a precondition to qualifying as class five property under 15-6-135(1)(c) before the amendment of 15-6-135 in Chapter 644, Laws of 2023, the new major industrial facility and its owne…
Mont. Code Ann. § 20-9-408 Definition Of Forms Of Bonds
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As used in this part, the following definitions apply: (1) "Amortization bond" means that form of bond on which a part of the principal is required to be paid each time that interest becomes due and payable. The part payment of principal increases with each following installment …
Mont. Code Ann. § 20-9-410 Limitation Of Term And Interest -- Timing For Redemption
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(1) School district bonds may not be issued for a term longer than 30 years, except that bonds issued to refund or redeem outstanding bonds may not be issued for a term longer than 10 years unless the unexpired term of the bonds to be refunded or redeemed is in excess of 10 years…