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Code · Montana · Title 7 — Local Government · Chapter 6 · Part 11

7-6-1112. Funds for payment of principal and interest.

63 words·~1 min read·/mt/title-7/chapter-6/part-11/7-6-1112·

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7-6-1112 . Funds for payment of principal and interest. For the purpose of providing funds for the payment of principal of and interest on gross proceeds obligations or short-term obligations, the governing body may authorize the creation of a special fund or funds and provide for the payment from authorized sources to such funds of amounts sufficient to meet principal and interest requirements.
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