Terms Used In Montana Code > Title 17 > Chapter 5 > Part 21 - Crossover Refunding Bonds

• Bonds: means crossover refunding bonds. See Montana Code 17-5-2101
• Crossover date: means the date the proceeds of crossover refunding bonds are pledged to the payment of the obligations to be refunded. See Montana Code 17-5-2101
• Escrow: Money given to a third party to be held for payment until certain conditions are met.
• Governing body: means the board or body that exercises the legislative power of the public body. See Montana Code 17-5-2101
• 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.
• Property: means real and personal property. See Montana Code 1-1-205
• Public body: means any political subdivision of the state and includes but is not limited to a county, city, town, or school district. See Montana Code 17-5-2101
• 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
• United States: includes the District of Columbia and the territories. See Montana Code 1-1-201