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Code · Montana · Title 75 — Environmental Protection · Chapter 6 · Part 2

75-6-227. Creation of debt.

89 words·~1 min read·/mt/title-75/chapter-6/part-2/75-6-227

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75-6-227 . Creation of debt. The legislature, through enactment of this section, authorizes the creation of state debt in an amount not to exceed $50 million in principal amount of general obligation bonds outstanding from time to time for the purpose of:
(1)funding the drinking water program; and
(2)funding portions of loans on an interim basis pending receipt of:
(a)grant payments from the environmental protection agency for which federal legislation appropriating the proceeds of the grants has been enacted; or
(b)other revenue for the program.
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