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Code · Montana · Title 60 — Highways and Transportation · Chapter 11 · Part 1

60-11-117. Definitions.

101 words·~1 min read·/mt/title-60/chapter-11/part-1/60-11-117·

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60-11-117 . Definitions. As used in 60-11-117 through 60-11-119 , the following definitions apply:
(1)"Board" means the board of investments established in 2-15-1808 .
(2)"Bonds" means bonds, notes, or other evidences of indebtedness issued pursuant to 60-11-117 through 60-11-119 as essential freight rail revenue bonds.
(3)"Cost", as applied to any project, means any cost of any part of the project pursuant to 60-11-120 .
(4)"Projects" means the acquisition, construction, reconstruction, maintenance, and repair of rail lines.
(5)"Revenue" means the revenue from the operation of a rail line loan repayments and any delinquency charges on loan repayments.
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