Montana Code 90-7-320. Loans — purchase of bonds and notes
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90-7-320. Loans — purchase of bonds and notes. Subject to the provisions of Title 17, chapter 6, the board of investments may, upon terms and conditions as the board considers reasonable:
Terms Used In Montana Code 90-7-320
- Authority: means the Montana facility finance authority created in 2-15-1815. See Montana Code 90-7-102
- Capital reserve account: means the account established in 90-7-317. See Montana Code 90-7-102
(1)loan money to the authority for deposit in the capital reserve account; and
(2)purchase bonds and notes issued by the authority.