Montana Code 17-5-1514. Accounts

17-5-1514. Accounts. The board may create funds and accounts necessary to implement this part. The funds and accounts may include:

Board: means the board of investments created in 2-15-1808. See Montana Code 17-5-1503
Bond: means any bond, note, debenture, interim certificate, or other evidence of financial indebtedness issued by the board pursuant to this part. See Montana Code 17-5-1503

(1)a fund into which bond proceeds are deposited;

(2)a common bond fund consisting of:

(a)a common debt service account;

(b)a capital reserve account as provided in 17-5-1515; and

(c)an operating account for defraying the operational costs of the board; and

(3)other funds or accounts.