17-5-1325. Reassignment of bonding authority for agricultural purposes -- contingency.
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/mt/title-17/chapter-5/part-13/17-5-1325·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
17-5-1325 . Reassignment of bonding authority for agricultural purposes -- contingency. If, at some time in the future, federal taxation laws allow the use of tax-exempt bonds to provide loans for the acquisition of farm or ranch land, a downpayment on the acquisition of farm or ranch land, or the acquisition or construction of depreciable property used in the operation of a farm or ranch, the allocation of bonding authority originally assigned to the Montana agricultural loan authority must be reassigned to the Montana board of investments to provide those loans.