17-5-1607. Participation voluntary. Use of the financing mechanism created by this part is entirely voluntary, and an eligible government unit is not required to sell its bonds, bond anticipation notes, or notes to the board.

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Terms Used In Montana Code 17-5-1607

  • Board: means the board of investments created in 2-15-1808. See Montana Code 17-5-1604
  • Eligible government unit: means :

    (a)any municipal corporation or political subdivision of the state, including without limitation any city, town, county, school district, authority as defined in 75-6-304, or other special taxing district or assessment or service district authorized by law to borrow money;

    (b)the state, any board, agency, or department of the state, or the board of regents of the Montana university system when authorized by law to borrow money; or

    (c)an Indian tribal government, in accordance with 17-1-702. See Montana Code 17-5-1604