§ 17-5-1301 Short title
§ 17-5-1302 Definitions
§ 17-5-1311 State’s volume cap and reservations — department to adopt rule
§ 17-5-1312 Allocation to state issuers
§ 17-5-1313 Allocation to local issuers
§ 17-5-1314 Authorization by the governor
§ 17-5-1315 Carryforward elections
§ 17-5-1316 Allocations by the department
§ 17-5-1317 Notification of approval or disapproval by the department
§ 17-5-1318 Terms of allocations
§ 17-5-1321 Allocations not transferable
§ 17-5-1322 Reapplication
§ 17-5-1323 Recordkeeping
§ 17-5-1324 reserved
§ 17-5-1325 Reassignment of bonding authority for agricultural purposes — contingency

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Terms Used In Montana Code > Title 17 > Chapter 5 > Part 13 - Montana Unified Volume Cap Bond Allocation Plan Act

  • Allocation: means an allocation of a part of the state's volume cap to an issuer pursuant to this part. See Montana Code 17-5-1302
  • Board: means the board of examiners. See Montana Code 17-5-1302
  • Bonds: means bonds, notes, or other interest-bearing obligations of an issuer. See Montana Code 17-5-1302
  • Cap bonds: means those private activity bonds and that portion of governmental bonds for which a part of the volume cap is required to be allocated pursuant to the tax act. See Montana Code 17-5-1302
  • Department: means the department of administration. See Montana Code 17-5-1302
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Governmental bonds: means bonds other than private activity bonds. See Montana Code 17-5-1302
  • Issuer: means a state issuer or local issuer. See Montana Code 17-5-1302
  • Local issuer: means a city, town, county, or other political subdivision of the state authorized to issue private activity bonds or governmental bonds. See Montana Code 17-5-1302
  • Local portion: means that portion of the state's volume cap reserved for local issuers. See Montana Code 17-5-1302
  • Property: means real and personal property. See Montana Code 1-1-205
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
  • State issuer: means the state and any agency, board, or authority of the state authorized to issue private activity bonds. See Montana Code 17-5-1302
  • State portion: means that portion of the state's volume cap reserved for state issuers. See Montana Code 17-5-1302
  • Tax act: means the latest limitation enacted by the United States congress on the amount of cap bonds that may be issued by a state or local issuer. See Montana Code 17-5-1302
  • United States: includes the District of Columbia and the territories. See Montana Code 1-1-201
  • Volume cap: means , with respect to each calendar year, the principal amount of cap bonds that may be issued in the state in a calendar year as determined under the provisions of the tax act. See Montana Code 17-5-1302
  • Writing: includes printing. See Montana Code 1-1-203