§ 7-7-4601 Short title
§ 7-7-4602 Definitions
§ 7-7-4603 Scope of part
§ 7-7-4604 Interpretation of part
§ 7-7-4605 Authorization for refinancing and refunding revenue bonds
§ 7-7-4606 Nature of refunding revenue bonds
§ 7-7-4607 Exemption from certain taxes for refunding revenue bonds
§ 7-7-4608 Refunding revenue bonds to be fully negotiable
§ 7-7-4609 Presumptions of validity of refunding revenue bonds
§ 7-7-4610 Details relating to refunding revenue bonds
§ 7-7-4621 Resolution for issuance of refunding revenue bonds
§ 7-7-4622 Permissible covenants for refunding revenue bonds
§ 7-7-4623 Security for refunding revenue bonds
§ 7-7-4624 Use of fiscal agent
§ 7-7-4625 Sale or exchange of refunding revenue bonds
§ 7-7-4626 Details relating to sales of refunding revenue bonds
§ 7-7-4627 Details relating to exchanges of refunding revenue bonds
§ 7-7-4628 Payment of bonds
§ 7-7-4629 Management of enterprise
§ 7-7-4630 Right to receivership upon default
§ 7-7-4631 Role of receiver
§ 7-7-4632 Procedure to return enterprise from receiver to municipality
§ 7-7-4633 Remedies of holders of refunding revenue bonds

Terms Used In Montana Code > Title 7 > Chapter 7 > Part 46 - Municipal Refunding Revenue Bonds Option 2

  • Contract: A legal written agreement that becomes binding when signed.
  • Dependent: A person dependent for support upon another.
  • Enterprise: means any work, undertaking, or project that the municipality is authorized to construct and from which the municipality derives revenue for the refinancing or the refinancing and improving of which enterprise refunding bonds are issued under this part. See Montana Code 7-7-4602
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Governing body: means , in the case of a city or town, the council, commission, or other body, board, officer, or officers having charge of the finances of the city or town. See Montana Code 7-7-4602
  • Improving: means reconstructing, replacing, extending, repairing, bettering, equipping, developing, or embellishing. See Montana Code 7-7-4602
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Law: means any act or statute (general, special, or local) of this state, including but not limited to the charter of any municipality. See Montana Code 7-7-4602
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Municipality: means any city or town of this state. See Montana Code 7-7-4602
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
  • Property: means real and personal property. See Montana Code 1-1-205
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • Refinancing: means funding, refunding, paying, or discharging, by means of refunding bonds or the proceeds received from the sale of refunding bonds, all or any part of any notes, bonds, or other obligations issued to finance or to aid in financing the acquisition, construction, or improving of an enterprise and payable solely from all or any part of the revenue of the refunding bonds, including interest on the refunding bonds in arrears or about to become due, whether or not represented by coupons or interest certificates. See Montana Code 7-7-4602
  • Refunding bonds: means notes, bonds, certificates, or other obligations of a municipality issued pursuant to this part or pursuant to any other law as supplemented by or in conjunction with this part. See Montana Code 7-7-4602
  • Revenue: means all fees, tolls, rates, rentals, and charges to be levied and collected in connection with an enterprise and all other income and receipts of whatever kind or character derived by the municipality from the operation of an enterprise or arising from an enterprise. See Montana Code 7-7-4602
  • 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
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.
  • Writing: includes printing. See Montana Code 1-1-203