Montana Code 85-9-621. Issuance of bonds — term and multipurpose bonds
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85-9-621. Issuance of bonds — term and multipurpose bonds. A district may issue bonds payable from revenues, assessments, or both, or the district may use other financing as provided by this chapter for the cost of works. Bonds issued shall be for a maximum term of not to exceed 40 years. Bonds for more than one purpose may be sold as a single issue.
Terms Used In Montana Code 85-9-621
- Cost of works: means the cost of construction, acquisition, improvement, extension, and development of works, including financing charges, interest, and professional services. See Montana Code 85-9-103
- District: means a conservancy district. See Montana Code 85-9-103